Because BlackRock and Fidelity have applied for Spot Eth ETF approval from the SEC
Discussion
Doesn't mean it will be approved. Eth devs had a pre-mine and pre-sale of the eth token. Also how is it decentralized if someone can change the consensus mechanism without the consent of the miners...
I live and learn. But, I do think it will be approved. That's the only reason I've sunk in 2k. Nothing much
So you would say a "decentralized" asset need approvals of centralized institutions to be legit?
I was asking why do you think ETH is a legit tech as a decentralized, secure, scalable and censorship resistant that can disrupt something?
I'm not looking at the tech. There I agree with you 👍
I was just saying it's a legit investment right now because normies will get into the action once the ETF comes out
It's just a good investment. I know it's centralized because they can change the consensus mechanism without buy in from the miners
I don't think so. I think people are not going to invest into eth through an etf and institutions have no use case for it as it's a security.
I think the eth etf narrative is already priced in and now whether the etfs are approved or not it will go down because it'll flop compared to bitcoin.
We will see.
We will see, my friend