The SEC recently approved Ethereum spot ETFs, which has sparked discussions about the value and appeal of Ether, especially among older investors.
Ethereum’s Selling Point: What Is It?
Eric Balchunas, an ETF analyst, questioned if Ethereum has a simple selling point like “Bitcoin is digital gold.”
Notable Responses
- Colin Wu: Ethereum is the “Web 3.0 internet.”
- Adam Cochran: Ethereum is “digital oil” that powers decentralized protocols.
- James Check: Ethereum lacks a clear selling point.
More Crypto Products on the Horizon
TD Cowen predicts that the approval of Ethereum spot ETFs will pave the way for more crypto products, such as funds containing a mix of tokens like Bitcoin and Ether.
SEC’s Stance on Crypto
Despite the ETF approval, TD Cowen believes the SEC will continue to take a cautious approach towards crypto, as evidenced by Chairman Gary Gensler’s recent statements.
