Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
VanEck
Spot Ethereum ETFs: Franklin, VanEck, Invesco File S-1; 5thScape Shines
Franklin Templeton, VanEck, and Invesco Galaxy have recently amended their S-1 forms with the SEC, marking a significant step towards launching spot Ethereum ETFs. Following the successful introduction of a spot Bitcoin ETF, these financial giants are poised to replicate their strategy for Ethereum. Notably, Franklin Templeton disclosed a competitive sponsor fee of 0.19%, mirroring its charge for the existing Bitcoin ETF, which is set to be the lowest among its competitors starting in August. Meanwhile, VanEck and Invesco Galaxy…
1 year ago
BlackRock and VanEck Submit Updated Ethereum Spot ETF Filings to Commence Trading Very Soon
BlackRock and VanEck have amended its S-1 filing with the SEC for its Ethereum ETF. Erick Balchunas predicts the Ethereum ETFs could be approved by late June or early July. Asset management giant BlackRock has made a significant move in its bid to launch an Ethereum spot ETF. The firm has amended its S-1 filing with the U.S. Securities and Exchange Commission (SEC), signaling progress in the regulatory approval process. The amended S-1 filing from BlackRock disclosed information about its…
1 year ago
VanEck Launches MEMECOIN Index Tracking BONK, FLOKI, DOGE, PEPE, WIF, SHIB Tokens
The rise of Dogecoin (DOGE) has inspired a new generation of meme coins amid the ongoing mainstream adoption of digital assets and web3 products. VanEck through its MarketVector Indexes has unveiled the Meme Coin Index (MEMECOIN) to track the performance of the six largest meme coins. Amid the mainstream adoption of digital assets and web3 products, VanEck, one of the global investment firms offering spot Bitcoin ETFs in the United States, has unveiled a new product dubbed the Meme Coin…
1 year ago
Everything You Need to Know About the VanEck Meme Coin Index
The post Everything You Need to Know About the VanEck Meme Coin Index appeared first on Coinpedia Fintech News Just when it looked like the meme coin sector could not have become more utopian, a new institutional-fuelled rush is emerging as VanEck’s releases a “Meme Coin Index.” The index, launched by VanEck’s subsidiary MarketVector, records a 1-year gain of 195%, underscoring the spectacular performance of meme coins recently. VanEck Meme Coin Index Launches, Says They are Intended For Entertainment Purposes…
1 year ago
VanEck Report Reveals: Banks, Countries, and ETFs Hold 15% of Bitcoin Supply
VanEck discloses the growing adoption of Bitcoin with Banks, countries, and ETFs holding 15% of the asset’s circulating supply. According to the report, these big players hold $175B worth of Bitcoins with ETFs alone having $75.4 billion of this amount. US asset manager VanEck, in a comprehensive report meant to introduce its investors to Bitcoin, has delved into the significant evolution and the considerable adoption of the asset over the years. In the report, VanEck disclosed the growing institutional interest…
1 year ago
Ethereum’s Layer 2 Networks Projected to Reach $1T Market Cap by 2030: VanEck Analysts
In a report released earlier this week, analysts from investment manager VanEck forecasted that Ethereum’s Layer 2 scaling networks will reach an astonishing $1 trillion market capitalization by the year 2030. The $1 trillion prediction was reached by estimating that Ethereum would hold 60% of the market share across all public blockchains and assessing the volume of assets within its ecosystem. Ethereum’s $1T Potential Through Layer 2 Innovations VanEck’s senior digital assets investment analyst, Patrick Bush, and digital assets research…
1 year ago
Ethereum Layer-2 Market Cap Projected to Reach $1 Trillion by 2030, Says VanEck
Ethereum’s Layer 2 scaling solutions could hit a $1 trillion market cap in six years, tackling Ethereum’s data processing limits. While L2 networks promise big revenues and better user experience, intense competition might dampen long-term token values According to analysts at Van Eck, Ethereum’s Layer 2 (L2) scaling solutions are projected to hit a remarkable $1 trillion market cap within the next six years. This prediction stems from the pressing need to address Ethereum’s limitations in processing capacity, data storage,…
1 year ago
Ethereum L2s Growth: VanEck Eyes $1 Trillion Market Cap As ETH Stalls
Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to soar to the aforementioned market valuation by 2030. Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew…
1 year ago
VanEck Predicts Ethereum Layer-2s To Hit $1T Market Cap By 2030
Analysts from investment manager VanEck have predicted that Ethereum’s Layer-2 scaling networks will hit a market capitalization of $1 trillion by 2030. VanEck’s prediction is based on the significant growth and impact of Layer-2 technologies on Ethereum’s scalability and efficiency. Ethereum Layer-2s To Hit $1 Trillion Market Cap The prediction by VanEck was made in a detailed analysis led by its senior investment analyst, Patrick Bush, and the head of digital research, Matthew Sigel. VanEck’s prediction regarding Ethereum Layer-2s hitting…
1 year ago