3 months ago
VanEck has registered an Avalanche exchange-traded money (ETF) successful the U.S. authorities of Delaware arsenic concern manager proceed to use for assorted altcoin-based merchandise contempt the clawback successful the crypto market.
The New York-headquartered institution registered the "VanEck Avalanche ETF" connected March 10, according to a filing connected Delaware's Department of State website.
The registration comes amid an ongoing sell-off successful the crypto market, which has seen Avalanche's autochthonal token (AVAX) fall to a one-year debased of $16.27.
Avalanche becomes the 4th crypto plus VanEck has registered an ETF for, pursuing its filing for a spot Solana money past June. VanEck was among the archetypal issuers of bitcoin (BTC) and ether(ETH) ETFs aft they were approved successful January and July respectively.
Issuers are seemingly branching retired crossed the altcoin marketplace to make caller ETFs. Investment managers Rex Shares and Osprey Fund filed to database a MOVE fund connected Monday.
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