VanEck Files Spot Avalanche ETF Application to SEC

VanEck has formally submitted an application for a spot Avalanche Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This move aims to provide mainstream investors with direct exposure to the AVAX token, which has been gaining traction due to its innovative blockchain technology and scalability advantages. 📈 The filing aligns with the increasing interest from institutional investors in cryptocurrency ETFs, further integrating digital assets into traditional financial markets.