Key Takeaways:
- VanEck CEO Jan van Eck called Ethereum “the Wall Street token,” predicting it will lead stablecoin integration across the financial sector.
- The Genius Act and $280B+ in stablecoins signal rising institutional interest, with 90% of firms exploring stablecoin adoption.
- VanEck’s Ether ETF, approved in July 2024, tracks ETH’s market price and holds over $284 million in assets.
Jan van Eck, CEO of VanEck, described Ethereum as “the Wall Street token”, arguing it is best positioned to dominate as banks adapt to stablecoin technology.
In an interview with Fox Business, he said the financial sector must embrace blockchain to handle stablecoin payments, predicting Ethereum will emerge as the leading choice or that alternatives will adopt Ethereum-compatible models.
“Ethereum is the Wall Street token,” says @JanvanEck3. pic.twitter.com/9NAqjh8r0x
— VanEck (@vaneck_us) August 27, 2025
His comments come as the U.S. passed the Genius Act, the first federal law governing payment stablecoins, and the stablecoin market surpassed $280 billion.
Van Eck stressed urgency, warning that banks must integrate stablecoin systems within 12 months or risk falling behind.
He pointed to a Fireblocks report showing 90% of institutional firms exploring stablecoin integration.
Van Eck cautioned that no financial institution can refuse digital dollars without risking customer loss.
His remarks echoed Eric Trump’s warning that banks face irrelevance without crypto adoption.
VanEck’s Ether-linked ETF, approved in July 2024, now manages over $284 million in assets.
His comments followed Ether’s all-time high of $4,946, reinforcing Ethereum’s expanding role in corporate and financial adoption.
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