Global investment firm VanEck’s CEO, Jan van Eck, believes that the cryptocurrency industry should focus more on transaction fees rather than being overly concerned with Bitcoin and Ethereum or their related ETFs.
In an interview with CoinDesk, Jan Van Eck stated that the transaction fees for Bitcoin and Ethereum blockchains are unpredictable, making it more difficult to build applications within these ecosystems. He mentioned that the high transaction fees hinder people from building on chains like Bitcoin and Ethereum. With new solutions offering lower and more predictable transaction fees, developers can now build more useful applications. He predicted that this will become more significant in the future. Jan Van Eck stated:
“Ether ETF is unlikely to be approved before the deadline in May as the approval process differs from that of Bitcoin ETF. The U.S. Securities and Exchange Commission (SEC) has not responded to applications from potential issuers.”
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