The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October.
The investment manager’s long-term model puts BTC’s price at roughly $3 million by 2050.
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Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022.
Global investment management firm VanEck is expanding its venture capital presence with the launch of a new fund focused on fintech, digital asset or artificial intelligence (AI) companies in pre-seed or seed stages, it announced Wednesday.
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.
VanEck expects Bitcoin’s long-term bull market to continue, but miners are struggling.
VanEck expects Bitcoin’s long-term bull market to continue, but miners are struggling.
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.
WisdomTree has requested to withdraw its S-1 filing for a spot Ether ETF with the SEC and asked to apply the fees as a credit for “future use.”
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs.
Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them.
Analysts think Solana ETF approvals are unlikely for now, though VanEck’s head of digital assets suggests there’s still a way.
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
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 market. Related Reading: Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO Addressing his investment approach, Van Eck revealed that in his conversations with other attendees at Bitcoin conferences, he has found that they tend to hold significantly more Bitcoin in their portfolios. He further stated: Everyone I meet at Bitcoin conferences owns way more in their own portfolio, and I always say, wait a minute, I always want to tell people what I’m doing personally because they should know. Interestingly, when asked about his portfolio, Jan Van Eck replied that he owns “well over 30%” in Bitcoin without disclosing the amount in BTC or USD. This disclosure comes as VanEck recently published a report outlining a significant bullish long-term price projection for BTC, suggesting that the Bitcoin price could reach a value of $2.9 million per coin by 2050. $2.9M Bitcoin Forecast By 2050 Per the report, Bitcoin’s scalability issues, which have historically hindered widespread adoption, will be resolved through the emergence of advanced Layer-2 (L2) solutions. By combining Bitcoin’s “immutable property rights and sound money principles” with the increased functionality of Layer 2 technology, the asset manager envisions creating a new, globally accessible financial system. Under this optimistic scenario, the VanEck team believes that by 2050, Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade. According to the report, this level of adoption could lead to central banks holding 2.5% of their assets in Bitcoin, driving the price of the largest cryptocurrency on the market to a substantial $2.9 million per coin by the year 2050. Related Reading: Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch? In addition, the report estimates that Bitcoin L2 solutions could be worth a total of $7.6 trillion, or approximately 12% of Bitcoin’s total projected value. The asset manager further noted: Though it has established itself as an important store of value assets, our projection of its price more than 25 years into the future is predicated on the assumption that increasing numbers of people around the globe use Bitcoin as a medium of exchange. At the time of writing, BTC was trading at $67,600, up over 4% in the last 24 hours, after hitting a weekly low of $63,500 on Thursday. Featured image from DALL-E, chart from TradingView.com
American investment management firm VanEck has set an astonishing price target for Bitcoin (BTC), the world’s largest cryptocurrency. This forecast, which seems almost inconceivably high compared to most market predictions, has garnered significant attention. Despite the ambitious forecast, VanEck’s research team has presented a comprehensive rationale explaining why they believe such a substantial price increase is attainable. VanEck Predicts Bitcoin Valuation For 2050 On July 24, VanEck published a report, outlining the teams’ assumptions for a bull scenario in which BTC could potentially rise to $52.38 million by 2050. Notably, the research team predicted Bitcoin’s future price based on three scenarios during a Base, Bear and Bull market. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline For the base scenario, VanEck’s team believes that Bitcoin could potentially surge as high as $2.9 million by 2050. The analysts have rooted their predictions on the possibility that Bitcoin could be utilized to settle 10% of the globe’s international trade and 5% of the world’s domestic trade. Under this scenario, central banks may hold about 2.5% of their assets in Bitcoin, further increasing its adoption and exposure. VanEck’s team has also attributed their projected surge in BTC’s value to assumptions of anticipated global growth, rising investor demand and Bitcoin’s substantial transaction volume. The research team estimated Bitcoin’s value for 2050 using a simple velocity of money equation that includes three key factors – GDP of trade settled in Bitcoin, supply of circulating Bitcoin and Velocity of Bitcoin in the market. While predicting a bull surge to $52.38 million, VanEck’s analysts assumed that by 2050, Bitcoin will play a crucial role in the international monetary system, capturing significant market share from major currencies. Additionally, they expect Bitcoin to become widely adopted for international trade, transforming into a major medium of exchange and a key store of value. Moreover, VanEck believes that BTC could act as a reserve currency for different countries. The team has noted that Bitcoin was designed to replace fiat money and could become a reliable and efficient alternative to current monetary systems, which feature “corruptible human authorities with immutable logic.” VanEck’s Bearish Scenario For BTC While the VanEck team estimated an exceptionally ambitious price target for Bitcoin in 2050, they also presented a more bearish scenario for the pioneer cryptocurrency. Under less favourable conditions, analysts suggest that Bitcoin could hit a price level of $130,314 by 2050. Related Reading: Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA A target of $130,314 over the next 25 years, could be the most bearish scenario for Bitcoin’s value. This contrasts sharply with predictions from analysts at financial firms like Standard Chartered and Bernstein, who forecast that Bitcoin could surge as high as $150,000 by the end of 2024 and $200,000 by 2025, respectively. Despite VanEck’s pessimistic assumption, at press time, Bitcoin’s price is trading at $67,101, reflecting a 4.24% increase in the last 24 hours and another 4.78% spike over the past week, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A Grayscale executive said the products will provide traditional investors with exposure to an asset that has the potential to transform the entire financial system.
A Grayscale executive said the products will provide traditional investors with exposure to an asset that has the potential to transform the entire financial system.
Bitcoin ETF issuer VanEck has teamed up with asset manager Inter Invest to launch the first-ever offering of Bitcoin exposure within French retirement savings plans. The initiative is facilitated by VanEck’s VBTC Bitcoin ETF, which was also recently launched on Australia’s leading exchange. With a total value of $407 million, the VBTC ETF aims to […]
BlackRock, Franklin Templeton, and VanEck have reportedly received preliminary approval from the US securities regulator, sources say.
In an interview with Tony Edwards of Thinking Crypto, Matthew Sigel, Head of Digital Assets Research at VanEck, explained the firm’s decision to file for a spot Solana-based Exchange Traded Fund (ETF) rather than one based on XRP. VanEck, a pioneering investment management firm in the US, has chosen to back Solana due to its […]
As Bitcoin, the flagship cryptocurrency asset continues to garner support from leading figures in the industry, Chris Wood, the Chief strategist at Jefferies in a daring statement that might change people’s perceptions of digital currencies has suggested that the potential collapse of the United States Dollar Paper Standard could significantly benefit BTC holders in the […]
Solana is in red for now, but the coin is one of the top performers. In the last year of trading, SOL, the native currency of the Solana ecosystem, rose by over 15X, quickly moving up the crypto ranking to fifth, flipping XRP, Cardano, and even top meme coins like Dogecoin. GSOL Trading At A […]
The proposed fund would be called the 21Shares Core Solana ETF and would not participate in staking SOL.
VanEck files for the first US Solana ETF, driving SOL prices up nearly 10% as the market reacts positively.
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VanEck's Bitcoin ETF starts trading on the ASX, with volumes topping $1.5 million after a couple of hours of trading.
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Ether's 2030 valuation is forecasted at $2.2 trillion, driven by $66 billion in free cashflows and $15 trillion TAM potential, VanEck writes
Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.
VanEck’s ETF is currently designated inactive on the DTCC website, meaning it cannot be processed until it receives the necessary regulatory approvals
ETH price hit $3,100, backed by a favorable court ruling and increased network activity.