Today, Ethereum ETFs are officially launching, marking the beginning of a new chapter in crypto history, in which:
- Ethereum is NOT considered a security today.
- For the first time, a cryptocurrency other than Bitcoin will be tested in the traditional investor market, and it will be interesting to see how much demand there will be.
If it goes well (using Bitcoin inflows multiplied by the market cap ratio between ETH and BTC as a rough benchmark), the message would be clear: there is demand not only for Bitcoin but also for other cryptocurrencies.
Consequently, there will be increasing interest in having financial products for other cryptocurrencies as well (the first being Solana), eventually leading to the creation of crypto indices/baskets similar to SP500, NASDAQ
