Traditional Finance to Drive the Next Crypto Market Surge, Says Analyst
According to renowned crypto analyst Alex Krüger, traditional finance, known as ‘Tradfi,’ will play a crucial role in the next cryptocurrency market surge. As the crypto landscape becomes more regulated and enters a stable phase, traditional financial players will step in and become the primary drivers of investment growth. This marks a significant shift in market dynamics.
VanEck Commits to Supporting Ethereum Developers
Global investment firm VanEck recently announced its plan to allocate 10% of profits from its upcoming Ether futures exchange-traded fund (ETF) to support Ethereum’s core developers. This commitment, spanning ten years, aims to assist Protocol Guild, an organization focused on Ethereum’s development and governance. Protocol Guild acts as an intermediary among different groups within the Ethereum community and plays a vital role in facilitating consensus on various issues.
Sharing Earnings with the Community
VanEck’s initiative aligns with their belief that investment managers should share a portion of their earnings with the community responsible for the cryptocurrency’s development. The firm encourages other asset managers and ETF issuers to adopt similar practices, emphasizing the importance of traditional finance giving back to the Ethereum community.
VanEck’s Ether Futures ETF
VanEck is preparing to launch its Ether Futures ETF, called EFUT, which will focus on investing in standardized cash-settled ETH futures contracts listed on approved exchanges. Specifically, the fund plans to invest in ETH futures available on the Chicago Mercantile Exchange. The ETF will trade on the Chicago Board Options Exchange and will be overseen by experienced trader Greg Krenzer.
Hot Take: Traditional Finance Takes the Lead in Crypto Surge
The next surge in the cryptocurrency market will be driven by traditional finance, according to analyst Alex Krüger. As crypto becomes more regulated and stable, traditional financial players are stepping in as the primary drivers of investment growth. This shift in market dynamics marks a significant change for the industry. VanEck’s commitment to supporting Ethereum developers through their Ether futures ETF further highlights the involvement of traditional finance in the crypto space. Sharing earnings with the community responsible for cryptocurrency development showcases VanEck’s belief in giving back and encourages others to follow suit. With the upcoming launch of their Ether Futures ETF, VanEck aims to provide investors with opportunities to participate in the growing Ethereum ecosystem.
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