VanEck Submits ETF Filing for Avalanche's AVAX Token
VanEck, a prominent asset management firm, has filed to launch an ETF tracking Avalanche's AVAX token. This move reflects growing interest in cryptocurrencies beyond Bitcoin.
Avalanche's AVAX currently holds an $8 billion market cap, as per CoinGecko. Other firms, like Franklin Templeton, have filed ETFs for XRP and Solana, showing a trend in targeting promising tokens.
VanEck's ETF aims to attract investors seeking the next standout cryptocurrency, following Bitcoin's rally. This indicates a broader shift in investment options in the crypto market.
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