Following the approval of Bitcoin and Ethereum ETFs, ETF applications were made for many altcoins such as XRP, Solana (SOL) and Litecoin (LTC), while the last move came for Avalanche (AVAX), which is closely followed by Turkish investors.
Accordingly, cryptocurrency fund manager VanEck has registered for the spot AVAX ETF in the US state of Delaware.
According to its official filing page, VanEck registered an AVAX ETF in Delaware on March 10. However, this does not constitute approval.
This type of registration is typically a sign that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
Following the news, there was no significant movement in the AVAX price due to the general downward trend in the market.
It previously filed in Delaware for its Bitwise Aptos ETF and Canary Capital for its spot SUI ETF.
*This is not investment advice.
