Bitwise Asset Management has registered an Avalanche ETF trust in Delaware, indicating a growing interest in crypto ETFs as it works towards a U.S. ETF filing. While this is a significant preliminary step, it does not guarantee SEC approval or immediate market consequences.
Avalanche (AVAX) is currently valued at 24.32 USD, with a market cap of 10.27 billion USD and a recent 7-day growth of 2.99%. Experts predict that SEC approval for the ETF could lead to increased investment and broader market adoption of AVAX.
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