Ethereum ETFs are the wrong solution to the right problem

Numbers don’t lie — spot bitcoin exchange-traded funds (ETFs) have been a boon for the market. The first day of trading in the US saw over $4.6 billion in volume. Within a month, bitcoin rose above $50,000 for the first time since the bear market and hit $70,000 in March for the first time ever. 

But this bitcoin ETF liquidity boost does not address any of the underlying issues in today’s crypto user experience, nor does it offer investors empowerment through self-custody. 

In the case of ethereum ETFs, the outcome will likely be the same. Rather than rely on regulatory approval of such financial products to welcome traditional investors onboard, our industry needs to reimagine…

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