Bitcoin ETFs Are Not the 'Dominant Narrative' Driving BTC's 2024 Rally: VanEck CEO

VanEck CEO Jan van Eck weighs in on bitcoin's 2024 rally and the success of spot BTC ETFs in the U.S. Plus, he explains why it's unlikely for the SEC to approve the spot Ether ETF applications in May and shares insights on competitions in the stablecoin market.Transaction costs are now available at affordable rates through Solana or the so-called layer tubes because you see the transaction fees for Bitcoin and Ethereum. No one would ever use that database to build anything on. Right.

The fru will say that, you know, the macro factors, which we know the fed, lowering interest rates or stopping raising interest rates and then also the Bitcoin internal dynamics of um you know, the avenue coming up, you know, the one data point that might be interesting to you is that you can track the Bitcoin trades 24 7, how much of the appreciation happens during us trading hours? And even since the start of the uh Bitcoin ETF S in the US, um it's only been about a third of the...

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