VanEck Financial News

Bitcoin (BTC), the flagship cryptocurrency, is currently trading at $43,850, marking a slight decrease of nearly 0.50% on Sunday. Despite this minor dip, Bitcoin’s performance this year has been nothing short of stellar, outshining traditional safe-haven assets like gold.

VanEck, a prominent investment management firm, has released a set of 15 cryptocurrency predictions for the year 2024, casting a spotlight on potential significant developments in the digital asset space.

Binance, the largest cryptocurrency exchange in the world, is expected to lose its leading position following the guilty plea to US charges and a record $4.3 billion penalty. 

By Scott Murdoch and Lewis Jackson

By Lewis Jackson

A detailed analysis by VanEck, a major asset management firm, sketches various valuation scenarios for Solana (SOL) by the year 2030, amid the blockchain's remarkable performance and its strive for scalability, dated October 27, 2023.

Origin Energy’s North American suitors have secured support for their $20 billion takeover proposal from key proxy adviser Institutional Shareholder Services, which has told investors the deal offers a “reasonable” premium.

AustralianSuper, the biggest shareholder in Origin Energy, has swiftly rejected an increased takeover offer for the country’s largest energy utility, leaving the near-$20 billion deal hanging in the balance.

Origin Energy's largest shareholder on Thursday said it would vote against a «best and final» A$16.40 billion ($10.55 billion) offer from a Brookfield consortium for Australia's biggest energy retailer, throwing the deal's future into doubt. AustralianSuper said in a statement the consortium's A$9.53 per share offer, an 8% increase over the previous A$8.81 apiece bid, remained «substantially below» its estimate of Origin's long-term value. «AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition,» a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Hours earlier, the consortium led by Canada's Brookfield, which also includes EIG's MidOcean Energy, said the increased offer was its «best and final» proposal, meaning it cannot be increased unless a rival offer emerged. Brookfield did not respond immediately to a request for comment after AustralianSuper's announcement. AustralianSuper, the country's largest pension fund with A$300 billion in assets, on Tuesday had already rejected the prior offer, saying it was «substantially below» its estimate of long-term value as the country moves toward net-zero emissions by 2050. «If AustralianSuper is rejecting it, the likelihood of the deal going ahead is very low,» said Jamie Hannah, deputy head of investments and capital markets at VanEck, which owns a 0.3% stake in Origin. «I think the deal is back at the drawing board at the moment.» Should the deal fail at the shareholder vote scheduled for Nov.

The solana price has climbed sharply this week, rallying over 50% in a matter of days.

New York-based asset management firm VanEck has taken a significant step towards launching a spot Bitcoin exchange-traded fund (ETF) by submitting an amended application to the United States Securities and Exchange Commission (SEC).

The surge in demand for Bitcoin among institutional investors is set to hit new heights, particularly if a spot Bitcoin exchange-traded fund (ETF) is approved in the coming months, according to an Ernst & Young executive.

VanEck has lent its voice to institutional investor resistance to Origin Energy’s $18.7 billion takeover offer from Brookfield and EIG Partners, declaring it will reject the deal unless it is increased amid mounting opposition.

VanEck, a renowned player in the financial markets, has unveiled its plans to launch the VanEck Ethereum Strategy ETF (EFUT). This actively managed exchange-traded fund is strategically designed to target capital appreciation through investments in Ethereum (ETH) futures contracts. Notably, EFUT will not directly invest in ETH or any other digital assets.

VanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.

VanEck has announced that it will donate 10% of all profits from its upcoming Ethereum (ETH) futures exchange-traded fund (ETF) to the Ethereum core developers for a period of ten years. 

The SEC gave a big present to crypto ETF firms just ahead of the likely government shutdown, reportedly granting approval for a number of ethereum futures strategies that could start trading soon.

Valkyrie Funds LLC has begun adding ethereum futures to its existing Bitcoin futures exchange-traded fund, after getting the green light from the US Securities and Exchange Commission (SEC), the company said on Thursday. The renamed Valkyrie Bitcoin and Ether Strategy ETF will launch on Monday, Valkyrie's chief investment officer Steven McClurg told Reuters.

Popular investment management firm VanEck has announced its plans to roll out its Ethereum futures exchange-traded fund (ETF).

The US Securities and Exchange Commission (SEC) is reviewing applications for spot Ethereum exchange-traded funds (ETFs) from two asset managers – ARK Invest and VanEck.

ARK 21Share and investment manager VanEck have filed for the first-ever Ether (ETH) spot Exchange-Traded Fund (ETF) in the United States.