All good monies are alike; each bad money is bad in its own way
As soon as the spot Bitcoin ETF was approved by the SEC in January this year, I wrote here about this important step for the institutional adoption of Bitcoin in the United States, also addressing the short- and long-term risks involved with this type of financial product. Now that, unexpectedly and through political pressure, the SEC has also approved the spot Ethereum (ETH) ETF, I will go into detail about how I believe the competition between these different ETFs will play out in the market.