SEC's approval of Ethereum ETFs still leaves some questions on whether ETH is a security, lawyers say
What is a Commodity? A commodity is a raw material or agricultural product that can be bought and sold. Examples of commodities include gold, oil, wheat, and coffee. These products are traded on exchanges, just like stocks and bonds, with their value being determined by supply and demand. Ethereum as a Commodity With the SEC's recent approval of spot Ethereum products, many have been left questioning whether or not Ethereum can be considered a commodity. While Ethereum is not a physical product like gold or oil, it does possess similar characteristics that make it suitable for trading on exchanges. Supply and Demand One of the key factors that determine the value of a commodity is its supply and demand. This is also true for Ethereum, as its value is driven by the number of users and developers utilizing the platform. As more people become interested in utilizing Ethereum for its smart contract capabilities, the demand for it increases, driving up its value. Price Volatili...