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VanEck Files for Avalanche ETF, Targeting Institutional Exposure to AVAX

  • 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.

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