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VanEck Seeks SEC Approval for First Spot Avalanche (AVAX) ETF
- VanEck has filed an S-1 registration with the SEC for the first AVAX ETF.
- The proposed fund aims to track AVAX’s price performance while holding the asset directly.
- The ETF will value its shares based on the MarketVector Avalanche Benchmark Rate.
- Approval of the VanEck Avalanche ETF could pave the way for further integrating blockchain assets into traditional finance.
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