70-year-old investment firm reveals Wall Street favorite token

When the Wall Street prepares for the advent of stablecoins, Ethereum will emerge as the top winner among the blockchain networks, said Jan van Eck, the CEO of the a global investment management firm VanEck.

The CEO made the remarks during an interview with Fox News Business on Aug. 27.

Unlike usually volatile cryptocurrencies like Bitcoin and Ethereum, a stablecoin tries to stabilize its value by being pegged to a fiat currency like the U.S. dollar or a commodity like gold.

VanEck is a New York–based global investment management firm founded in 1955 by John van Eck. The company manages ETFs, mutual funds, and institutional accounts with a focus on emerging markets, commodities, and digital assets. It was one of the first major Wall Street firms to launch crypto-related products, including Bitcoin and Ethereum ETFs. With nearly 70 years of history, VanEck is now positioning itself at the forefront of blockchain and stablecoin adoption.

Ethereum a 'Wall Street token'

Jan van Eck explained that every banking and financial institution will now have to accept stablecoins and they will need to figure out a digital infrastructure for that purpose. The winner as far as stableoins are concerned is going to be Ethereum or a blockchain network compatible with the Ethereum Virtual Machine (EVM), he said and added:

"So it's very much what I call the Wall Street token."

The Wall Street CTOs are going to rush to Ethereum to build the stablecoin infrastructure, van Eck doubled down.

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Ethereum hits ATH

The show's host Liz Claman highlighted the impressive performance of VanEck's spot Ethereum exchange-traded fund (ETF).

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The fund has grown 81% quarter-to-date (QTD), she underlined. As per SoSoValue, the fund held $287 million in net assets as of Aug. 27. VanEck is the sixth largest issuer of spot Ethereum ETFs in the U.S.

The CEO attributed the surge to the demand among companies for technology to accommodate stablecoins.

Ethereum was really hated at its lows earlier this year, he added.

But the cryptocurrency only recently hit a news record high price of $4,953.73 on Aug. 25.

Jan van Eck advised those not familiar with the crypto technology to not pick tokens on their own but choose actively managed funds tracking digital assets.

Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.

This story was originally reported by TheStreet on Aug 28, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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