VanEck

Currently, Solana (SOL) is the fifth-largest cryptocurrency, with a market capitalization of approximately $71 billion. Following the recent decision by the US Federal Reserve to cut interest rates by 0.50% on September 18, the cryptocurrency market has seen a resurgence in investor confidence, leading to notable price increases for SOL. In light of these developments, asset management firm VanEck, through its research arm MarketVector, has released compelling predictions regarding Solana’s future. The report highlights Solana’s technological advancements and raises questions about…

VanEck, an asset management firm, recently examined how the 2024 US Presidential election could impact Bitcoin. The firm believes both candidates—Kamala Harris and Donald Trump—present positive prospects for Bitcoin, though each offers different implications for the broader digital asset market. VanEck also noted a significant rise in Bitcoin interest compared to the previous year, driven by institutional demand and growing global adoption. This is largely due to the increasing use of exchange-traded products (ETPs) and government involvement in mining and…

The post VanEck Closing Its Futures ETH ETF: What You Need to Know appeared first on Coinpedia Fintech News A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm’s strategy amid evolving market conditions. The firm has been operating this ETF for less than a year. This ETF has been operational for less than a year. Let’s find out why VanEck decided to shut this ETF. Why is…

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected that by 2050, the Bitcoin price could solidify its position as a key international medium of exchange, potentially becoming one of the world’s reserve currencies.…

The post CBOE Pulls Down Solana ETF Filings By VanEck And 21Shares! appeared first on Coinpedia Fintech News The Chicago Board Options Exchange (CBOE) has pulled down the 19b-4 filings for Solana ETF submitted by VanEck and 21Shares from its website. VanEck filed a proposal in June, to launch a spot Solana ETF in the U.S., making it the first asset manager to do so in the region. 24 hours later, 21Shares followed suit, filing for Solana ETF with the…

The post Bitcoin to Hit $350,000? VanEck CEO Predicts Explosive Growth! appeared first on Coinpedia Fintech News Jan van Eck, the CEO of VanEck, recently made some bold predictions about Bitcoin. He thinks Bitcoin might hit $350,000 in a near future. What makes him think that? Van Eck says Bitcoin could reach half of gold’s total market value. He also thinks Bitcoin’s future could be even brighter, with a potential price of up to $2.9 million in the long run.…

VanEck Head of Digital Assets Research Mathew Sigel says Solana ETFs (exchange-traded funds) could hit markets sooner than expected. The firm’s position differs from that of BlackRock, which thinks it may be premature to have the financial instrument now. Solana (SOL) remains a formidable contender in the crypto market. It first challenged Ethereum on scalability and network fee metrics before ascending to the ETFs debate.   Solana ETFs a Growing Possibility, VanEck‘s Sigel Sigel advocates for Solana ETFs, using the…

During the 2024 Bitcoin Conference in Nashville, Tennessee, Jan van Eck, CEO of global asset manager and Bitcoin exchange-traded fund (ETF) issuer VanEck, made headlines with his revealing comments about his personal Bitcoin holdings. Van Eck Reveals Personal BTC Holdings During his appearance at the conference, Van Eck began by sharing his perspective on Bitcoin’s growth and evolution over time, likening it to a “teenager” that is not yet fully formed, as many investor classes have not yet joined the…

The post VanEck Predicts Bitcoin Price Could Reach $2.9 Million By 2050 appeared first on Coinpedia Fintech News Asset manager VanEck, an issuer of spot bitcoin (BTC) and ether (ETH) ETFs, says that BTC’s price may reach $2.9 million by 2050, assuming some high hurdles are cleared. Mathew Siegel stated that Bitcoin is the ultimate hedge against rising fiscal recklessness. If VanEck’s predictions come to pass, bitcoin’s price will increase in value by 44 times, gaining 16% annually from its…