Bitcoin, then Ethereum, and now Avalanche, Solana, and XRP: which digital asset does not yet have its ETF?

VanEck has officially submitted a request to the Securities and Exchange Commission to launch an ETF for Avalanche.

L'enthousiasme pour les ETF crypto aux États-Unis atteint de nouveaux sommets. Après Bitcoin, c'est au tour d'Avalanche d'être à l'honneur avec une demande de la part de VanEck.

Le cabinet d'investissement VanEck a déposé une demande auprès de la Securities and Exchange Commission (SEC) pour lancer un ETF sur Avalanche.

L'instrument financier suivrait l'indice AVAX, offrant ainsi une exposition indirecte au jeton aux investisseurs qui ne souhaitent pas en prendre possession directement.

Cette nouvelle intervient alors que l'impatience atteint des sommets pour les ETF sur altcoins aux États-Unis.

Selon Bloomberg, cette demande auprès du régulateur américain pour un ETF sur Avalanche a été confirmée par un document juridique.

L'institution a déjà reçu l'autorisation de proposer un ETF Bitcoin, et plusieurs autres pour Bitcoins futures ont été approuvés.

Toutefois, les demandes pour des produits suivant directement des altcoins n'ont pas encore abouti.

L'intérêt des institutions pour les altcoins est un sujet majeur qui pourrait s'accélérer considérablement.

A variety of crypto ETFs are flooding in, and Avalanche is the latest example.

VanEck had previously applied to launch an ETF that would offer direct exposure to the Avalanche (AVAX) token.

This news comes at a time when the enthusiasm for crypto ETFs in the US is exploding.

Its application for an ETF tracking Bitcoin futures was approved in 2021, marking a historic moment for the industry.

Since then, several other institutions have submitted requests for similar products, and the SEC has also approved ETFs tracking Solana and XRP.

However, applications for ETFs offering direct exposure to altcoins have been met with silence from the regulator.

According to a report by JPMorgan, altcoin ETFs could attract billions of dollars in assets under management.

The institution estimates that about $15 billion in inflows are expected over the next 12 months, and new crypto ETFs could attract another $3.5 billion.

However, some experts point out that crypto ETFs do not systematically trigger a price increase.

DeFi analyst Xeusthegreat noted on X that the BTC ETF did not immediately lead to a surge in Bitcoin’s price to $100,000 as some had anticipated. Instead, there was an initial drop followed by a late rebound.

Will Avalanche suffer the same fate ?

The SEC, under a more crypto-friendly administration, is examining these new crypto ETF requests closely.

If regulation loosens, opportunities multiply. But uncertainties remain: the volatility of cryptos, market manipulation risks, and the evolution of legal frameworks continue to be major concerns.

Could the crypto regulator hinder this momentum? The SEC has already postponed some decisions, opting for a more in-depth review.

However, Bloomberg believes that the chances of approval for altcoin ETFs in 2024 remain high.

The stakes are high: investors want greater diversification, but authorities seek to avoid excesses.

Between caution and innovation, the crypto market is at a crucial turning point.

Crypto ETFs offer a range of possibilities, paving the way for new capital and investors. Yet, enthusiasm sometimes hides a more nuanced reality.

Katalin Tischhauser, an analyst at Sygnum, warns: behind the promises also lie uncertainties. Will the Avalanche ETF and other altcoins be a revolution or a mere illusion?

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j'y étais pour quelque chose