@surfingalot absolutely not. first off, ETH doesn't give exposure to most ERC20s, and it doesn't give exposure to anything not on ethereum (btc, ltc, doge, cardano, solana, et c)

@sneak yeah i agree, but erc20 usage increases eth usage itself, which is why i said kind of. Its kind of like investing in the stock exchange itself

@surfingalot yes the shares in the stock exchange operator aren't remotely correlated to the shares in an index fund though. they represent different businesses, different cash flows.