Jan van Eck, CEO of global investment firm VanEck, believes that the cryptocurrency industry should focus on transaction costs rather than being overly concerned with Bitcoin and Ethereum or their related ETFs.
During an interview with CoinDesk, Jan Van Eck stated that the transaction costs of Bitcoin and Ethereum blockchains are unpredictable, making it more difficult to build applications within these ecosystems. He mentioned that high transaction costs hinder people from building on chains like Bitcoin and Ethereum, and with new solutions that offer lower and more predictable transaction costs, developers can now build more useful applications. He predicts that this will become increasingly significant in the future.
Jan Van Eck also mentioned that the approval of an Ethereum ETF is unlikely before the end of May, as the approval process for an Ethereum ETF is different from that of a Bitcoin ETF. The U.S. Securities and Exchange Commission (SEC) has not responded to applications from potential issuers.
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