CoinFund President: Ethereum Spot ETF Approval Will Not Lead to Surge in Adoption

On June 26, Christopher Perkins, president of CoinFund, said that one of the main challenges facing Ethereum will be branding. This is easy for Bitcoin, which is called "digital gold" and any investor can understand. But baby boomers may have a hard time understanding the value proposition of Ethereum, such as what smart contracts really are, or why you should care about Ethereum.
If the Securities Exchange Commission approves an Ethereum ETF that offers pledged returns, it could be a game changer, Perkins said. An ETF would be very important, but it also has flaws because it robs investors of their gains. If an Ethereum ETF eventually launches next week or soon after, don't expect a surge in adoption, it's just another step in mainstreaming and regulatory de-risking.