VanEck's BNB ETF, if approved, would be the first such product listed in the U.S.
Outside of the U.S., 21Shares manages the 21Shares Binance BNB ETP, listed on several exchanges across Europe.
The New York-headquartered company registered the "VanEck Avalanche ETF" on March 10
Asset manager VanEck analyzed 20 state-level Bitcoin reserve bills, and estimates these bills could lead to 242,700 BTC in buying.
Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern that has formed for Solana. Based on this pattern, the analyst predicted that SOL could witness a parabolic rally to a new all-time high (ATH) and provided a target that the crypto could reach. Solana Could Rally To $565 As Ascending Triangle Forms In an X post, Trader Tardigrade predicted that Solana could rally to $565 following the formation of an ascending triangle. He noted that SOL has been forming ascending triangles before each recent breakout. The analyst added that Solana reaches its target at Fibonacci 2.618 after each breakout. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst In line with this, Trader Tardigrade predicts that Solana can reach $565 once this ascending triangle completely forms. The analyst revealed that the current ascending triangle is more than halfway complete, indicating this parabolic rally could soon happen. His accompanying chart also showed that SOL could reach this price target as early as April. Asset manager VanEck also recently provided a bullish outlook for Solana, predicting it can reach $500 by year-end 2025. The asset manager’s analysts explained that this projection is supported by Solana’s developer dominance, increasing market share in decentralized exchange (DEX) volumes, revenues, and active users. Meanwhile, crypto analyst Ali Martinez suggested that Solana couldn’t rally to as high as $500 but predicted it could reach at least $350. However, he warned that SOL needs to hold above the support level at $198. In a more recent X post, he also raised the possibility of Solana reaching $380. The analyst stated that Solana is testing a key support level at the lower boundary of the parallel channel he highlighted on the charts. According to him, holding above this support level could strengthen the uptrend, fueling a rally to $387. SOL Needs To Reclaim The $220 Level In an X post, crypto analyst Jelle stated that the first mission for Solana is to reclaim $220. This came has he noted that SOL is holding the key support level so far. The analyst indicated that it would be ideal for SOL to bounce from its current level if its price action is to remain short-term bullish. In line with this, he remarked that the first mission is to reclaim $220. Related Reading: Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible Crypto analyst CryptoElites asserted that Solana is preparing for a massive move. The analyst revealed that the 2021 downtrend has been broken, and SOL is holding above it. Based on this, he outlined $450, $678, and $1,099 as his targets for Solana in this market cycle. The analyst again reaffirmed that the technical outlook is fully positive with big moves ahead. At the time of writing, the Solana price is trading at around $202, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
VanEck, a global investment management firm with a nearly 70-year history and a strong reputation in the exchange-traded funds (ETF) arena, has issued a striking price target for Solana (SOL). In a post shared on X on January 6, the New York-based firm projected Solana’s value to soar to $520 by the end of 2025. VanEck Predicts $520 By End Of 2025 For Solana VanEck’s thesis centers on Solana’s share within the smart contract platform (SCP) market, as well as the historical correlation between crypto market capitalization and the growth in the US. M2 money supply. According to the firm: “Our Solana Price Target by the End of 2025 is $520. We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from US M2 money supply growth, given its strong historical correlation with crypto market capitalization.” Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum VanEck’s analysis forecasts that M2—the measure of the US money supply that accounts for cash, checking deposits, and easily convertible near money—will reach $22.3 trillion by late 2025. This figure assumes a maintained annualized growth rate of 3.2% from its last trough in October 2023. Citing regression analysis, VanEck estimates: “We project M2 to reach $22.3T by the end of 2025, maintaining its 3.2% annualized growth rate since its last trough in October 2023. Using regression analysis, we estimate total SCP market capitalization will grow 43% to $1.1T by year-end 2025 (vs. $770B today), surpassing its 2021 peak of $989B.” The firm notes a “strong correlation between M2 and SCP market cap” with a 12-month moving average R² of 0.36 and a t-statistic of 5.7 (p < 0.0001). Currently, Solana holds about 15% of the SCP market cap. However, VanEck expects that proportion to rise significantly by 2025: “Currently, Solana holds 15% of SCP market cap, but we forecast its share to rise to 22% by EOY 2025. This projection is supported by Solana’s developer dominance, increasing market share in DEX volumes, revenues, and active users.” Related Reading: Solana Metrics Surge: Total App Revenue Climbs To $840M In Record-Breaking Quarter By coupling this anticipated market share increase with an autoregressive (AR) forecast model, VanEck believes Solana’s market cap will climb to approximately $250 billion, which would yield a per-token price of $520, based on an estimated float of around 486 million tokens. Short-Term SOL Price Analysis For the moment, however, Solana continues its corrective phase, with the price trading at $189 as of press time. The 4-hour chart for SOL/USDT exhibits a well-defined descending channel, characterized by a series of lower highs and lower lows. SOL’s price action has been confined within a descending channel since January 18, marked by two parallel trendlines that highlight sustained selling pressure. The lower boundary of the channel, currently near $175, acts as immediate support, while the upper boundary near $215 serves as resistance. Notably, SOL is currently positioned just below the midline of the descending channel. If it fails to break above this level in the near term, a move toward the channel’s lower boundary appears likely. Moreover, SOL continues to struggle in reclaiming key Fibonacci retracement levels, with the 0.236 retracement ($203.40) serving as the first major resistance. At press time, SOL traded at $190. Featured image from Shutterstock, chart from TradingView.com
VanEck predicts M2 money supply will grow to $22.3 trillion by 2025 from the current $21.5 trillion, boosting crypto markets and top tokens such as SOL.
The firm said Solana’s share in the smart-contract platform market may expand from 15% to 22% this year.
On Feb. 3, spot Bitcoin ETFs saw a net outflow of approximately $235 million, marking the first net outflow after a four-day streak of net inflows totaling $1 billion. The outflows follow Bitcoin’s drop to a three-week low, with BTC briefly touching $92,000 during the weekend. It’s a stark contrast to the previous week when […]
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SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the pullback, SUI lost the $4 support for the first time since December, dropping to its lowest price in over a month. The cryptocurrency has been one of the strongest altcoins this cycle, leading the market throughout the Q2 2024 retraces and Q3 rally. This year, SUI has also risen as one of the leading cryptocurrencies, surging above the $5 barrier for the first time and hitting its latest all-time high (ATH) of $5.36 at the start of the month. Since then, the token has hovered between the $4.05 to $5.20 price range. After Monday’s fall to $3.49, the $4 mark acted as resistance, with the cryptocurrency failing to break past it until today. SUI jumped 9.8% to recover the key support zone, bouncing another 5% to $4.2 on Thursday morning. Crypto analyst Carl Runefelt noted that the token is testing its ascending level again after losing it as support. This ascending line has been a key support level over the last few months but acted as resistance after the recent correction. To turn this line back into support and continue its ascending trajectory, SUI must hold above the $4.18 mark. Reclaiming the ascending line could also propel SUI’s price to retest the $5 barrier. SUI’s Price Eyes Double-Digits This Year Patrick Bush, senior investment analyst at asset manager VanEck, shared his outlook for SUI’s long-term performance in a recent competitive analysis against Aptos (APT), which are often compared. According to the analyst, SUI is set to outperform APT this year due to the Network’s advantages, efficiency, and scaling potential, which has translated into a better-priced DeFi ecosystem to market makers: We believe the evidence supports Sui over Aptos due to its performance advantages and scaling potential. We find that It currently offers capabilities that are not replicated in Aptos. Among these are Local Fee Markets, Pilot Fish, and Fast Path. Additionally, Sui may offer a set of technical capabilities and economics that prove more attractive to market markers, resulting in a better-priced DeFi ecosystem. The analysis underscores that SUI’s attractiveness has drawn token investors and application builders, resulting in a better token performance and a more vibrant ecosystem. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Bush also pointed out that the cryptocurrency leads in retail investment: “In Fact, in the last 90 days, global search interest for Sui was higher than it was for Solana on 17 days and higher than Ethereum on 16 days,” he noted. The analyst projected the token to reach a market capitalization of $61 billion by the end of 2025, which would see the price rising to around $16, a 300% increase from the current range. As of this writing, SUI trades at $4.13, a 14% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Leading asset management firm VanEck has submitted an application for an Onchain Economy Exchange-Traded Fund (ETF), according to a Jan. 15 filing with the US Securities and Exchange Commission (SEC). This proposed fund aims to provide exposure to the broader crypto ecosystem by investing in companies and instruments connected to digital assets. The fund outlines a strategy that […]
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According to the filing, the fund will invest 80% or more of its assets in digital transformation companies and digital asset instruments.
Fundstrat’s Tom Lee says those who buy Bitcoin around $90,000 now won’t “lose money” over the long term.
Node operators will receive up to 15% of the 0G token's supply over the next 3 years.
The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.
Matthew Sigel described Polymarket’s 77% projected odds of a US SOL ETF listing in 2025 as “underpriced.”
Around 80% of demand for the spot Bitcoin ETFs came from retail, but industry analysts expect institutions to pick up the pace in 2025.
VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.
Bitcoin could soar to $180,000 in 2025 if key cycle top indicators remain muted, according to Matthew Sigel, Head of Digital Assets Research at VanEck. Speaking with podcast host Natalie Brunell, Sigel outlined a clear four-year pattern in Bitcoin’s price action that he believes has persisted through multiple market cycles. Why $180,000 Per Bitcoin Seems Plausible Sigel explained that Bitcoin tends to outperform nearly every other asset class for three years out of each four-year halving cycle, followed by a deep correction in the fourth year. Referencing a drawdown typically ranging from 60% to 80%, Sigel said this decline often arrives roughly two years after the BTC halving event. Since Bitcoin’s most recent halving took place in April 2024, Sigel sees 2024 and 2025 as potentially strong years. “That down year typically is the second year after the halving,” Sigel explained. “The Bitcoin halving occurred in April of this year. So 2024 [will be a] strong year, 2025 should be a strong year. I think 2026, unless something changes, would be a down year.” Related Reading: Can Bitcoin Hit $160,000 In 2025? Matrixport Thinks So Drawing on historical data, he recalled the smallest trough-to-peak appreciation in Bitcoin’s previous cycles, which was approximately 2,000%. Even if that figure halves to 1,000%, Sigel pointed out that Bitcoin could rise from a trough of around $18,000 to as high as $180,000 in the current cycle. “So I see an upside to $180,000 this cycle, and I think that’s likely to happen next year,” Sigel added. He also emphasized that Bitcoin’s volatility means the price could overshoot or undershoot that number, but that $180,000 represents a plausible target for 2024 if the pattern holds and no major “red light” indicators appear. Sigel broke down what he sees as the most important topping signals for traders to watch. The first involves derivatives funding rates: if the annualized cost to hold bullish Bitcoin positions on leveraged markets pushes above 10% for longer than a couple of months, Sigel considers that a red flag. “Some of those indicators include the funding rates. When the funding rate for Bitcoin exceeds 10% for more than a couple months, that tends to be a red light,” Sigel warned and explained that recent market activity reset elevated funding rates: “[Last week’s] washout eliminated that as well. So funding rates [are] not really flashing red.” The second is the level of unrealized profits on the blockchain, where on-chain analysis can reveal whether market participants’ cost basis is so low that significant profit-taking might soon create selling pressure. “We’re not seeing scary amounts of unrealized profits [yet],” Sigel noted. Finally, he said anecdotal evidence of widespread retail leverage or speculation could also flash warning lights. He explained that if all these risk indicators were to align at a certain price point—for example, if Bitcoin hit $150,000 and these metrics pointed to a market top—he would be cautious. However, he said that if the price reached around $180,000 without those signals appearing, there might still be room for further appreciation. Related Reading: National Bitcoin Reserve Initiative: MP Satoshi Hamada Urges Japan To Take Action “If we reach $180K and none of those lights are flashing, maybe we let it run. If all those lights are flashing and the price is $150K, I’m not gonna wait,” Sigel added. Next BTC Cycle Predictions He also explored the longer-term growth potential for Bitcoin by comparing it to gold’s market capitalization. Because about half of gold’s supply is used for industrial and jewelry purposes, he reasoned that the other half can be compared more directly to Bitcoin’s function as an investment and store of value. If Bitcoin were to reach a valuation comparable to that half portion of gold’s market cap, Sigel believes the price could trend toward roughly $450,000 per coin over the course of the next cycle. Taking an even more forward-looking perspective, he described VanEck’s long-term model in which global central banks might eventually hold Bitcoin as part of their reserves, even if just at a 2% weighting. Since gold constitutes about 18% of central bank reserves worldwide, Sigel’s assumption is that Bitcoin’s share would be far smaller by comparison. He also factored in the prospect that Bitcoin might one day serve as a settlement currency for global trade, potentially among emerging economic alliances such as the BRICS nations (Brazil, Russia, India, China, and South Africa), which could push its valuation significantly higher. In VanEck’s calculations, this scenario might place Bitcoin at $3 million per coin by 2050: “We also assume that Bitcoin is used as a settlement currency for global trade, most likely among BRICS countries. We get to three million dollars a coin by 2050, which would be about a 16% compound annual growth rate.” At press time, BTC traded at $107,219. Featured image from YouTube / Natalie Brunell, chart from TradingView.com
In a post on X, Matthew Sigel, Head of Digital Assets Research at investment management firm VanEck, suggested that Microsoft may be open to invest in an Ethereum (ETH) exchange-traded fund (ETF) if it fulfills the company’s yield requirements. Sigel remarked that it “sounds to [him] like MSFT is open to an ETH ETF as […]
In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin’s potential trajectory, the US fiscal deficit, and the broader financial markets. Contrary to some hyper-bullish forecasts, van Eck provided a more conservative price target for Bitcoin for this bull run. Van Eck stated, “Our thesis is effectively that Bitcoin will keep to the halving cycle, so we’re looking at sort of $150,000 to $180,000 this cycle as a price target.” He dismissed the notion that Bitcoin could reach $400,000 in the current cycle, suggesting that such a milestone might be achieved in the next cycle. “In the next cycle, it reaches my target of half the value of gold, so $400,000 plus depending on the price of gold,” he added. Discussing the US fiscal deficit, van Eck identified it as “the elephant in the room” and a significant concern for the markets. “We are spending money that’s just completely unsustainable, and for any other country, they’d be headed towards bankruptcy,” he remarked. Related Reading: Will Bitcoin See Another ‘Thanksgiving Day Massacre’? Experts Weigh In He outlined two prevailing schools of thought in Washington regarding fiscal policy. The first is the lobbyist perspective, which asserts that it’s impossible to cut spending significantly, resulting in minimal slowing of growth in the budget deficit. The second is the “extreme disruptors” approach, advocating for a $500 billion cut in government spending. Van Eck credited this figure to Vivek Ramaswamy, co-head of the Department of Government Efficiency (DOGE), stating, “They can effectuate that because there are 1,200 programs that are no longer authorized but still spending money, which means that they can terminate them with an executive order.” He described this target as “healthy” and “realistic,” although acknowledging it would not close the entire deficit, which was $1.8 trillion last year. Addressing the market’s reaction to the election of President Trump, van Eck found it peculiar that despite a clear electoral outcome, there remains uncertainty about fiscal policy. “We had a sweep by one political party, yet we don’t really know what their fiscal policy is gonna be,” he observed. He noted that the initial market reaction was negative for gold because of the possibility of government restructuring. “The initial reaction was negative gold because the idea was, wow, maybe they will be able to restructure government. Never bet against Elon, right?” he said. Related Reading: Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy Van Eck also commented on geopolitical tensions, particularly the situation in Ukraine and the approval of long-range missiles striking deep into Russian territory. While acknowledging that such events can impact markets, he cautioned, “The problem is geopolitical stuff is completely uninvestable. We never know what next headline is coming, and we don’t know if it’s going to be bullish or bearish.” He advised that professional investors often choose to “do absolutely nothing” in response to geopolitical uncertainties. Catalysts For Bitcoin Price On the subject of institutional interest in Bitcoin and regulatory shifts, van Eck emphasized that the regulatory environment plays a crucial role. “It really depends on the regulatory environment,” he said. He pointed out that while regions like Asia have seen regulators giving the green light, the US has been relatively quiet. However, he noted a recent uptick in interest: “Now, with the new regime, suddenly the phone is ringing.” Van Eck revealed his personal investment stance, stating, “That’s why I have a huge personal investment in Bitcoin and gold.” He expressed optimism about Bitcoin’s maturation process, likening it to a child growing up: “I would say it’s sort of like a teenager, and what gets it to mature is new investor sets coming in.” He noted that while individual investors have embraced Bitcoin ETFs, the wealth management industry has yet to fully engage. Addressing the correlation between Bitcoin and traditional markets, particularly the NASDAQ, van Eck admitted concern: “The thing that worried me the most […] Bitcoin’s correlation to the NASDAQ was high.” He explained that this high correlation made Bitcoin less attractive to professional investors who were already overexposed to mega-cap tech stocks. However, he remains hopeful that Bitcoin’s correlation will diminish: “Rooting for and expecting that its correlation will go back to zero, which it has been for the long term.” At press time, BTC traded at $95,350. Featured image created with DALL.E, chart from TradingView.com
VanEck has extended the fee waiver for its HODL spot Bitcoin exchange-traded fund (ETF) to the first $2.5 billion in assets or until Jan. 10, 2026, according to a Nov. 25 statement. Under the terms, investors will not pay any fees for HODL until the $2.5 billion threshold is reached or until Jan. 10, 2026—whichever […]
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Recent gains in Bitcoin are owed in part to changes in the political environment, particularly in the US. Incoming US President Donald Trump is backing cryptocurrencies, sparking renewed market optimism among investors. Related Reading: Ripple CEO Reacts To Trump’s Billionaire Treasury Secretary Nominee From reforms in regulatory structures to a proposal for a national Bitcoin […]
Bitwise, VanEck, 21Shares and Canary Capital have also recently submitted their S-1 registration statements to list a spot Solana ETF in the US.
Bitwise would be competing with fellow asset managers VanEck and Canary Capital for an SEC-approved spot Solana ETF.
In a recent interview on CNBC’s “Squawk Box,” Matthew Sigel, Head of Digital Assets Research at VanEck, predicted that Bitcoin’s current rally is “just getting started” and is expected to continue for at least two more quarters. The BTC price briefly surpassed $93,000 on Wednesday before experiencing a slight pullback, marking an impressive gain of […]
VanEck, a global asset management firm and US spot Bitcoin ETF issuer has launched a new exchange-traded note (ETN) tied to the SUI token from the Sui blockchain network, according to a Nov. 13 statement. The ETN, now available on Euronext Amsterdam and Euronext Paris, allows European investors in over 15 countries to gain exposure […]
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This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.
In November, L2s have been posting some 3x more transaction data each day to the mainnet than they did in March.
It's the second bet on Web3 gaming by VanEck's liquid token strategy fund.