Oh, the audacity! Global investment titan, VanEck, amidst a crypto bloodbath, has registered an Avalanche exchange-traded fund (ETF) in the United States. Could this be the harbinger of a spot AVAX ETF, coming soon to a market near you? 🎉
On the fateful day of March 10, 2025, VanEck, with a bold stroke, registered a new crypto investment product known as VanEck Avalanche ETF in Delaware. The records, as solemnly kept on the official Delaware state website, bear witness to this act. 💼
Just like its siblings in the crypto ETF family, this potential new addition was registered as a trust corporate service company in Delaware, under the filing number 10125689. 📋
Amidst a crypto apocalypse, where Avalanche (AVAX) has plummeted 55% year-to-date, and Bitcoin (BTC) has taken a nosedive of around 17%, VanEck stands tall, filing for an ETF. 🤔
VanEck’s Crypto Quartet
With this filing, Avalanche joins the elite club of crypto assets to see a standalone ETF registration by VanEck in Delaware, following the footsteps of Bitcoin, Ether (ETH), and Solana (SOL). 🌟
VanEck, the pioneer in spot Bitcoin ETFs in the US, has been a major player in the crypto ETF arena since 2017, when they were the first to file for a futures Bitcoin ETF. 💪
Launched in 2020 by Emin Gün Sirer’s Ava Labs, Avalanche has become a force to reckon with in the crypto world, boasting a market cap of $7 billion at the time of writing. 🚀
VanEck’s XRP Snub?
Some in the crypto community have raised eyebrows at VanEck’s decision to file for an AVAX ETF before considering an XRP (XRP) ETF. Could there be a mastermind behind this move? 🕵️♂️
VanEck’s Avalanche ETF registration appears to be the first of its kind in the US. Previously, Grayscale had filed with the SEC to convert its multi-coin fund, which included AVAX and four other crypto assets, into an ETF. 📜
Read More
- OM PREDICTION. OM cryptocurrency
- Carmen Baldwin: My Parents? Just Folks in Z and Y
- Jellyrolls Exits Disney’s Boardwalk: Another Icon Bites the Dust?
- Jelly Roll’s 120-Lb. Weight Loss Leads to Unexpected Body Changes
- Solo Leveling Season 3: What You NEED to Know!
- Despite Strong Criticism, Days Gone PS5 Is Climbing Up the PS Store Pre-Order Charts
- Moo Deng’s Adorable Encounter with White Lotus Stars Will Melt Your Heart!
- Billy Ray Cyrus’ Family Drama Explodes: Trace’s Heartbreaking Plea Reveals Shocking Family Secrets
- Discover How Brittany Mahomes Fuels Patrick’s Super Bowl Spirit!
- Netflix’s Dungeons & Dragons Series: A Journey into the Forgotten Realms!
2025-03-11 12:38