The approval of Ether ETFs in the U.S. has sparked debate within the crypto community. DeFi exec Mona El Isa criticizes the centralized nature of ETFs, arguing they undermine Ethereum's decentralized ethos and core benefits like self-custody.
While the community celebrates the approval of spot Ether exchange-traded funds in the United States, one industry executive has criticized the centralized nature of these products.) has revolutionized finance and removed the need for intermediaries, allowing the transfer of funds without relying on a central authority.
“ETF issuers are placing outdated technology back into crypto products and undermining its purpose, just to stay relevant,” El Isa told Cointelegraph. According to the executive, the newly approved product will see some adoption, but investors are likely to eventually prefer self-custody over holding ETFs as it offers more benefits. She said:
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