VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption R...
Investment management firm VanEck’s CEO, Jan van Eck, said on Fox Business yesterday that Ethereum (ETH) is very much “the Wall Street token.” His comments come as ETH hovers near a potential new all-time high (ATH), drawing renewed attention from both retail and institutional investors. Ethereum Essential For Stablecoin Transfers In a recent interview with […]
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XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange Coinbase. XRP Milestone Could Spark A Bullish Run Due to XRP’s recent milestone, Wall Street expert Linda Jones believes that the token is very bullish following the increase in interest from institutional investors toward the XRP market. Linda Jones took to her official X (formerly Twitter) handle to express her viewpoint on XRP’s future. She noted that XRP will probably experience a bullish trend....
Wall Street has previously not been at the forefront of bitcoin trading in the past. However, that looks poised to change. The approvals of three bitcoin ETFs in the past week have brought about more institutional interest in the digital asset and Wall Street brokers are starting to turn their attention to the cryptocurrency. The first Bitcoin ETF recorded trading volumes of over $1 billion on its first day. This success has not missed the radar of Wall Street. Analyst Christopher Brendler sat down with Coindesk to talk about the future of bitcoin in Wall Street. According to Brendler,....
Ethereum (ETH) is slowly making a larger market footprint as institutional capital continues to rotate away from Bitcoin. Spot Ether ETFs have recorded nearly $10 billion in inflows since July, far surpassing Bitcoin ETF demand over the same period. Related Reading: XRP Whales Unload Massive Bags: Distribution Or Trap? According to K33 Research, Bitcoin’s open interest has surged to a two-year high of $34 billion, raising concerns about excessive leverage, while Ethereum’s consistent capital inflows highlight growing confidence in its long-term role. Notably, a Bitcoin whale recently....
According to a Form S-1 filed with the U.S. Securities and Exchange Commission (SEC), asset manager VanEck Digital Assets has filed for an Ethereum Exchange Traded Fund (ETF). Called VanEck Ethereum Trust, it would trade on the exchange Cboe BZX, if approved. The investment product would track the MVSI CryptoCompare Ethereum Benchmark Rate and would […]
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....