10 sats \ 2 replies \ @orthwyrm 24 May \ parent \ on: Spot Ether ETFs receive official approval from the SEC bitcoin
agreed. people obsessing over ETH's status as a security rubs me the wrong way. i mean, it kind of is, but that shouldn't prevent people from holding proxies of it in their investment accounts if they want to.
ETH is trash, but its status as a security is kind of irrelevant. Apple stock is a security and people invest in it no problem. At the end of the day the Ethereum foundation is just a company and their product is overpriced, relatively low utility compute credits.