VanEck Invests $37.9 Million in Ethereum via ETN Staking

Global asset manager VanEck has made a significant move in the world of Ethereum by staking $37.9 million through its Ethereum Exchange-Traded Note (ETN). This stake, amounting to 12,600 ETH, demonstrates strong institutional confidence in the network’s evolving staking ecosystem. The ETN’s inclusion of staking rewards offers investors an added value beyond just price exposure, providing passive income opportunities.