VanEck CEO: On-chain transaction fees are more worthy of attention than spot ETFs

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2024/04/09 23:28

VanEck CEO stated that the on-chain transaction fees beyond Bitcoin and Ethereum ETFs are more worthy of attention. He pointed out that the U.S. Securities and Exchange Commission has not responded to applications, implying that the Ethereum ETF may not be approved before the May deadline. VanEck believes that the cryptocurrency industry should pay more attention to transaction fees rather than Bitcoin or Ethereum and their related ETFs. He emphasized that new solutions such as Solana and Layer 2 offer lower and predictable costs, which are expected to drive application development.

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