VanEck has filed an application to create an ETF based on Avalanche, highlighting the growing interest of institutional investors. The application was registered in Delaware on March 10, 2025, confirming the company's efforts to launch an investment product linked to the Avalanche blockchain. This move is accompanied by increasing attention to Avalanche, especially after the collaboration with JPMorgan and Mastercard, which strengthens its position in financial innovations. Despite the recent drop in the price of AVAX, VanEck's application could stimulate the token's value recovery if it holds key resistance levels.
3/11/2025 1:09:34 PM (GMT+1)
VanEck has filed an application to create an ETF based on Avalanche, highlighting the growth of institutional interest and the potential of the AVAX token for financial innovations
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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