VanEck CEO: The crypto industry should focus more on on-chain transaction fees rather than Bitcoin and Ethereum ETFs

According to Mars Finance news, Jan van Eck, CEO of global investment company VanEck, believes that the cryptocurrency industry should pay more attention to transaction fees rather than paying too much attention to Bitcoin and Ethereum or their related ETFs. He pointed out that transaction fees on the Bitcoin and Ethereum blockchains are unstable, so more attention should be paid to transaction fees on Solana or various L2 networks.

He also said that an Ethereum spot ETF is unlikely to be approved before the May deadline because, unlike the approval process for a Bitcoin spot ETF, the SEC has not responded to applications from potential issuers.