Ethereum is a decentralized innovation story, and ETH is like a basket of growth stocks similar to QQQ.

The Ethereum spot ETF was officially approved by the SEC on 5/23, but formal trading is still pending approval of the S-1 filing. The price of ETH has remained stagnant. Some opinions suggest that Ethereum has yet to find a concise and compelling advertising slogan, which may hinder its ability to attract older investors in the traditional financial market and become a significant obstacle for the Ethereum spot ETF.

Do older investors not understand "Ethereum," and does the ETH ETF lack selling points in the traditional market?

Ram Ahluwalia, Founder and CEO of Lumida Wealth, believes that positioning is crucial. Ethereum is likened to a "decentralized app store" with a basket of growth stocks similar to QQQ. Bitcoin, on the other hand, is positioned as a commodity, while SOL tells a story of gaming and decentralized exchanges. These assets complement each other and will help each other grow.

ETH is Like a Basket of Growth Stocks, Similar to QQQ

Ahluwalia believes that at its highest level, Ethereum is decentralized computing. At the user level, Ethereum is like a "decentralized app store."

ETH is closer to QQQ, a basket of growth stocks, rather than a hedge against inflation. This is a compelling story.

Note: QQQ is an ETF issued by Invesco that tracks the Nasdaq 100 Index, consisting of the 100 largest companies listed on the Nasdaq stock market, primarily in the technology sector, including Microsoft, Apple, Amazon, etc.

Additionally, ETH's staking yields play a role in portfolios and allow asset managers to run models. Ethereum is best suited for tokenization - a response to counterparty risk and lack of transparency in the 2008 crisis.

Ahluwalia sees Ethereum as a decentralized innovation story. Centralized intermediaries like Apple and Goldman Sachs have too much control, and investors will seek decentralized app stores like Ethereum, where control belongs to users, not gatekeepers.

Bitcoin as a Commodity, SOL for Gaming, Complementary to Each Other

Ahluwalia believes that the Ethereum community made a mistake when trying to position itself around "money," similar to how Bitcoin tried to do smart contracts.

Differentiation, specialization, and clear narratives lead to success. These assets complement each other, just like if someone builds a nice house next to yours, your property value increases. So, when your neighbor sells their house at a higher price, you should support them.

Ahluwalia also mentions that the use cases and applications for BTC, SOL, and ETH are extensive.

Bitcoin is associated with commodities, and we are in a commodity supercycle driven by quantitative easing, wars, deficits, etc. Solana, on the other hand, is a story of gaming and decentralized exchanges.

Nasdaq exchanges need more competition. Users should have ownership on-chain, not Amazon or Netflix.