Bitwise Asset Management has registered a new exchange-traded fund (ETF) focusing on the Avalanche cryptocurrency, AVAX. This move aims to attract institutional investors into the burgeoning Avalanche ecosystem. While the ETF’s registration signifies Bitwise’s commitment to promoting the AVAX token, it remains unclear what immediate market impact this will have. Notably, despite Bitwise’s registered ETF for AVAX, the asset’s price on September 5, 2025, was already hovering at $24.32 against a broader market context. The ETF’s registration may ultimately influence capital flows towards Avalanche, although the specific effects remain under observation. For further updates on this development, please follow Bitwise Asset Management’s official channels: @BitwiseInvest on Twitter, their LinkedIn page, and their blog for future announcements.