Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
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VanEck
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.
HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.
VanEck, a 69-year-old asset manager with a history of bringing newfangled investments to customers, has high hopes for the role crypto will play in its European division.
A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said.
BlackRock and VanEck, two among 13 issuers hoping to launch bitcoin exchange-traded funds (ETFs) in the U.S., have filed updated documents on Tuesday.
BlackRock said its fee will start at 0.20%, rising to 0.30%.
The move is reminiscent of a similar pledge by VanEck to donate 10% of profits from its ether futures ETF to Ethereum developers in October last year.
Cboe’s BZX exchange filed the first documents in a bid to offer the first spot ether exchange-traded funds in the U.S.
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.