[VanEck CEO: Ethereum is the 'Wall Street Token,' Stablecoin Development Drives Traditional Financial Institutions' Demand for Ethereum] BlockBeats News, August 28, VanEck CEO and President Jan F. van Eck stated in an interview with FOX TV that Ethereum is what he calls the 'Wall Street Token.' Due to the emergence of stablecoins, every bank—essentially every financial services company—must find a way to accept stablecoins. If I want to transfer stablecoins to you, your bank has to figure out how to handle it; otherwise, you'll turn to another institution that can. 'The Wall Street crowd will eventually come back and ask: What exactly is this thing? Which chain should I develop on? The answer is Ethereum.' Jan F. van Eck noted that Ethereum was indeed disliked by many earlier this year during its low point, for various reasons. VanEck actually has a list of 'actively managed ETFs.'