Ethereum Creator Vitalik Buterin believes that the attention of the crypto community to create a cryptocurrency index funds, exchange-traded (ETF) is exaggerated. In his opinion for extending the use of cryptocurrency it would be important not to run ETF, suitable for pumping prices, and implement selling cryptocurrency on the cards from $5 to $100 in available to users outside the house the shops. In this case cryptocurrency could be used for micropayments in apps and payment of transaction fees.

Buterin believes that at the moment attention to the ETF leads to an imbalance in the perception of crypto-currencies as investment and not as a means of payment.

I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.

— Vitalik Non-giver of Ether (@VitalikButerin) July 29, 2018

We will remind, the Commission on securities and exchange Commission (SEC) rejected the second request of the founders of Gemini crypto currency exchange Tyler and Cameron Winklevoss (Tyler, Cameron Winklevoss) to open bitcoin ETF, which led to a decrease in the price of bitcoin. Also, the SEC is considering an application for the opening of the ETF filed by the investment Manager VanEck together with SolidX and the application Bitwise Asset Management. While the SEC decided before 21 September to defer a decision on the applications by the company Direxion Investments for the launch of five ETFs.