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VanEck Signals Interest in Avalanche ETF, Registers in Delaware
The firm recently registered an “Avalanche ETF” in Delaware. This move suggests that it may soon file for a spot AVAX ETF with the SEC.
While a simple state registration doesn’t guarantee a full-fledged ETF filing, it often serves as a precursor. Let’s discover more about this future Avalanche ETF.
VanEck Eyes Avalanche ETF as Institutional Interest Grows
VanEck’s move signals growing institutional interest in Avalanche, a blockchain known for its speed, scalability, and eco-friendly approach. Given the increasing demand for crypto-based investment products, the firm appears to be laying the groundwork for a regulated AVAX fund.
Avalanche has gained traction as a top alternative to Ethereum, offering faster transactions and lower fees. With major financial institutions warming up to blockchain investments, it’s no surprise that VanEck sees potential in AVAX. If approved, an AVAX ETF would provide traditional investors with an easier way to gain exposure to Avalanche without dealing with crypto exchanges or self-custody.
VanEck has a history of pushing for crypto ETFs. The firm was among the early applicants for a Bitcoin ETF and has since pursued Ethereum-based funds. Now, with the SEC showing signs of softening its stance on crypto investment vehicles, a spot AVAX ETF could be next in line.
More About Crypto ETFs
Bitwise recently launched the Bitcoin Standard Corporations ETF, now trading under the ticker OWNB. This ETF tracks the Bitwise Bitcoin Standard Corporations Index, which includes over 70 companies that have adopted the Bitcoin standard by holding Bitcoin as part of their corporate treasury. Companies like Strategy (MSTR), which holds the most Bitcoin, are leading the way, with other notable firms like MARA Holdings, CleanSpark, and Riot Platforms following suit.
The trend is gaining momentum as companies seek alternatives to low-yielding cash reserves. According to the Federal Reserve, corporations are sitting on $5 trillion in cash, and many are recognizing Bitcoin as a valuable strategic reserve asset. The index includes companies with at least 1,000 BTC, with holdings weighted by the amount of Bitcoin owned and capped for diversification.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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