Markets, Avalanche, ETF, VanEck, Delaware The New York-headquartered firm registered the “VanEck Avalanche ETF” on March 10
VanEck has registered an Avalanche exchange-traded fund (ETF) within the U.S. state of Delaware as funding supervisor proceed to use for varied altcoin-based product regardless of the clawback within the crypto market.
The New York-headquartered firm registered the “VanEck Avalanche ETF” on March 10, in response to a submitting on Delaware’s Department of State website.
The registration comes amid an ongoing sell-off within the crypto market, which has seen Avalanche’s native token (AVAX) fall to a one-year low of $16.27.
Avalanche turns into the fourth crypto asset VanEck has registered an ETF for, following its submitting for a spot Solana fund final June. VanEck was among the many first issuers of bitcoin (BTC) and ether(ETH) ETFs after they have been authorized in January and July respectively.
Issuers are seemingly branching out throughout the altcoin market to develop new ETFs. Investment managers Rex Shares and Osprey Fund filed to list a MOVE fund on Monday.
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