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In an interesting turn of events, the United States Securities and Exchange Commission (SEC) <a href="https://bitcoinist.com/sec-grants-historic-approval-for-ethereum-etfs/" target="_blank" rel="noopener ">approved the pending Ethereum spot ETF</a> applications last week. This landmark development has led to commentary on the value and acceptability of the Ether token, especially amongst a specific demographic. 
<h2 id="strong-if-bitcoin-is-digital-gold-what-is-ethereum-strong">If Bitcoin Is Digital Gold, What Is Ethereum?</h2> 
Eric Balchunas, an ETF analyst at Bloomberg, <a href="https://x.com/EricBalchunas/status/1794023427327533456" target="_blank" rel="noopener nofollow">took to the X</a> platform to discuss the chances of success of the Ethereum spot ETF market following the recent approval. The analyst highlighted how the acceptability of the Ethereum token, especially amongst investors in the 60 to 80-year-old age group (baby boomers), might pose a challenge to how well the investment products will perform. 
According to Balchunas, one way ETF issuers might be able to penetrate the “baby boomer” market is by distilling the value or purpose of the ETH ETFs into an “easy-to-understand sound bite.” The Bloomberg analyst questioned if Ethereum has a simple selling point while citing “<a href="https://bitcoinist.com/bitcoin-and-gold-hit-record-breaking-milestones/" target="_blank" rel="noopener ">Bitcoin is digital gold</a>” as an exemplary marketing one-liner that the older generation can resonate with. 
Balchunas then asked in his post: 
<blockquote>
 Does a simple one-liner like that exist for Ether? If so, what is it?
</blockquote> 
There were several interesting answers from notable personalities in the cryptocurrency space. Notably, crypto journalist <a href="https://bitcoinist.com/blockchain-revolution-china-npc-pushes-development/" target="_blank" rel="noopener ">Colin Wu</a> called Ethereum the “Web 3.0 internet.”&nbsp; 
Prominent crypto investor and partner at venture capital firm Cinneamhain Ventures Adam Cochran also responded, saying “Ethereum is like digital oil.” Cochran explained further that Ethereum is the gas that powers decentralized protocols.&nbsp; 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 Staked ETH is like an internet bond. 
 — Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1794024926438932682?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 24, 2024</a>
</blockquote> 
Meanwhile, James Check (popularly known as CheckMatey), a lead analyst at Glassnode, suggested that Ether doesn’t have a selling point. “Ethereum still has no elevator pitch, despite years of attempts,” the crypto pundit said in <a href="https://x.com/_Checkmatey_/status/1794115327217094931" target="_blank" rel="noopener nofollow">a post on X</a>. 
<h2 id="strong-eth-etf-to-clear-the-path-for-more-funds-td-cowen-strong">ETH ETF To Clear The Path For More Funds: TD Cowen</h2> 
While it is unclear whether the <a href="https://bitcoinist.com/eth-price-spot-ethereum-etfs/" target="_blank" rel="noopener ">Ethereum spot ETFs</a> will be successful, these newly approved funds are expected to usher in even newer crypto products in the coming year. According to investment bank TD Cowen’s research team, a product containing a “basket of crypto tokens,” possibly just Bitcoin and Ether or other tokens might be next in line. 
However, the research group noted in its report that the recent approval of Ethereum spot ETF doesn’t indicate a shift in the SEC’s overall stance towards crypto. This was highlighted in chairman Gary Gensler’s recent statement against the passage of crypto legislation. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 TD Cowen predicts the SEC will keep its Democratic majority through 2026. "We expect the agency will continue to litigate against crypto trading platforms that trade tokens that the agency believes are unregistered securities". Next ETF to come within a year might be an offering… 
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1794551981102842180?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 26, 2024</a>
</blockquote> 
“We expect the agency will continue to litigate against crypto trading platforms that trade tokens that the agency believes are unregistered securities,” the TD Cowen researchers said about the SEC keeping its Democratic majority through 2026. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/0C3ZFDNB/" alt="Ethereum" width="2174" height="1434">

Ethereum Spot ETF: Experts Weigh In On ETH Selling Point Post-ETF Approval

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