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VanEck CEO Jan van Eck has declared Ethereum the preferred cryptocurrency for Wall Street institutions, surpassing expectations around other tokens like XRP. He attributes this shift to Ethereum’s smart contract capabilities and the booming stablecoin market. Major financial firms are already leveraging Ethereum for payments, DeFi, and asset tokenization.
- 19 public companies hold 2.7 million ETH, with staking used for generating steady income.
- Ether ETF exposure totals $1.3 billion, with Goldman Sachs accounting for more than half.
- The GENIUS Act regulatory framework has boosted institutional confidence in Ethereum-based stablecoins.
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