SEC Delays Approval of VanEck’s Avalanche Spot ETF Again

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on VanEck’s proposed spot Avalanche exchange-traded fund (ETF). This delay extends the review period, impacting both the cryptocurrency market and investors. The deferral follows a broader trend of delays in the SEC’s approval process for crypto ETFs. 5.97% drop was registered after the announcement in AVAX price as investors react to regulatory uncertainty.