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VanEck CEO: Ethereum is the "Wall Street Token," Stablecoin Growth Drives Traditional Financial Institutions' Demand for Ethereum

By: theblockbeats.news|2025/08/28 04:12:21

BlockBeats News, August 28, VanEck CEO and President Jan F. van Eck stated in an interview with FOX News that Ethereum is what I call a "Wall Street Token." With the emergence of stablecoins, every bank—actually every financial services firm—must find a way to accept stablecoins. If I want to send you a stablecoin, your bank has to figure it out, otherwise you will go to another institution that can handle it. "The folks on Wall Street will eventually turn around and say: What is this thing after all? On which chain should I develop? The answer is Ethereum."

Jan F. van Eck stated that Ethereum was indeed despised by many earlier this year at its low point, for various reasons. Vaneck actually has a list of "actively managed ETFs."

SOON Foundation Announces First Airdrop Guidelines for the simpfor.fun Mirror Trading Platform on Hyperliquid

Statistics: Over the past 30 hours, a total of 78,891 ETH has been received by 4 new addresses, possibly for Bitmine