VanEck has registered an Avalanche ETF in Delaware, which may indicate plans to file for a spot AVAX ETF with the U.S. Securities and Exchange Commission.
VanEck's Interest in Avalanche ETF
Various sources highlight growing institutional interest in Avalanche, known for its speed, scalability, and eco-friendly approach. As demand for crypto-based investment products grows, registering the fund in Delaware could be the first step towards creating a regulated AVAX fund.
Details on Crypto ETFs
Recently, Bitwise began trading its Bitcoin Standard Corporations ETF with the ticker OWNB. This fund tracks an index of companies that have adopted Bitcoin as part of their corporate treasury. This approach is becoming increasingly popular as companies seek alternatives to low-yield cash reserves.
Market Trends and Prospects
According to the Federal Reserve, companies hold about $5 trillion on their accounts, with some considering cryptocurrencies as a strategically advantageous reserve asset.
VanEck's registration in Delaware may mark the beginning of significant changes in the ETF market with a focus on cryptocurrencies. Increasing interest in blockchain technologies and crypto assets opens up new opportunities for traditional investors.
