Avalanche ETF Filing Triggers Price Drop Amid Growing Institutional Interest

Avalanche’s price took a hit following Grayscale’s filing for an Avalanche-based exchange-traded fund (ETF), raising questions about the cryptocurrency’s future. While institutional investors are expressing interest in AVAX, the unexpected market reaction suggests uncertainty about the ETF’s impact on the price. A surge in demand is expected if approved, as it will offer a regulated investment option for individuals interested in AVAX without owning direct shares of the blockchain.