VanEck files for AVAX ETF

The proposed VanEck Avalanche ETF aims to mirror the price performance of AVAX.

Global investment manager VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) seeking to offer investors direct exposure to the smart contract platform. 

A snippet of the S-1 filing was shared on social media on March 14 by Bloomberg analyst James Seyffart, who has been closely monitoring developments in the crypto ETF industry.

Source: James Seyffart

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