Global fund manager VanEck has filed for an Avalanche (AVAX) ETF with the SEC, targeting institutional exposure.
The ETF will hold AVAX tokens and track their price performance.
The filing aligns with growing interest in altcoin-based ETFs, with major firms predicting large capital inflows.
The filing of the Avalanche ETF by VanEck signals a bet on the growing popularity of altcoins and blockchain-based technologies within the institutional market.