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Cryptocurrency News Articles
VanEck officially registers Avalanche (AVAX) ETF in Delaware, signaling growing institutional interest.
Mar 11, 2025 at 05:07 pm
JPMorgan and Mastercard partner with Avalanche for blockchain-based financial innovations.
JPMorgan and Mastercard have partnered with Avalanche to develop blockchain-based financial innovations.
The partnership will focus on areas such as portfolio management and digital asset innovation.
JPMorgan is integrating its Onyx platform with Avalanche’s permissioned Evergreen Subnet for institutional use cases.
Mastercard is collaborating with Avalanche to explore new payment technologies and expand financial inclusion.
Both partnerships highlight the growing interest of major institutions in blockchain technology.
As institutions increasingly engage with cryptocurrencies, the U.S. SEC is also being pushed to approve crypto ETFs.
After Solana, XRP, and Cardano, another blockchain has joined the race for ETF approval.
As part of the ongoing efforts to introduce crypto ETFs in the U.S., a prominent investment firm, VanEck, has filed for the VanEck Avalanche ETF with the Securities and Exchange Commission (SEC) in Delaware.
This filing comes after a period of turbulence in the crypto market, with a recent market crash pushing many cryptocurrencies down to critical levels.
Can this filing help recover the battered price of AVAX from the recent market crash?
Avalanche ETF Is On The Way
VanEck, a leading asset management company known for its diverse portfolio of investment products, is preparing to launch an ETF focused on the Avalanche blockchain.
This move signals the growing interest of major institutions in investing in cryptocurrencies through familiar avenues like ETFs.
According to an official filing dated March 10, 2025, and accessible through the SEC’s database, VanEck has registered the ‘Avalanche ETF Fund’ in Delaware.
This filing confirms the firm’s commitment to launching an ETF that will allow investors to gain exposure to Avalanche’s ecosystem.
Although details about the ETF’s structure, investment strategy, and launch date are still pending, this registration is a crucial step in the process.
If approved by the SEC, the ETF will provide investors with an option to include Avalanche in their portfolios without needing to directly purchase and store its native token, AVAX.
Why Is Avalanche ETF Important?
The decision to pursue an ETF focused on Avalanche is no coincidence.
Avalanche has been at the forefront of developments in the world of tokenization, and its role in revolutionizing financial systems is gaining recognition.
Major institutions are actively engaging with Avalanche to build new technologies and expand the boundaries of finance.
For instance, JPMorgan is integrating its Onyx platform with Avalanche’s permissioned Evergreen Subnet, specifically designed for institutional use cases.
This partnership will focus on developing innovative solutions for portfolio management and expanding the capabilities of digital assets.
Moreover, Mastercard is also working closely with Avalanche to explore opportunities in advanced payment technologies and promote greater financial inclusion around the world.
Both partnerships underscore the potential of Avalanche’s blockchain to reshape financial systems and attract more institutional players to its network.
What’s Next For AVAX Price?
The recent crypto market crash pushed AVAX down to its lowest level since August, reaching $15. However, unlike many other cryptocurrencies that are still struggling to recover, AVAX showed some resilience and managed to bounce back from this crucial level.
A quick approval for an ETF from an established firm like VanEck could help restore market confidence in AVAX, potentially driving its price higher.
Nevertheless, it’s important to note that AVAX is currently following a declining trendline, which is a bearish trading pattern.
If buys manage to keep the price above the $17 level, and sellers fail to pull the price below $15, then it could continue rising to break the $20 resistance. Afterward, the next target could be $25.
But, if the bears manage to break the $15 level, then it could continue falling to $10.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- $250 Million Worth of Rare Dimes and Bicentennial Coins: Could One of These Coins Be in Your Pocket?
- Mar 12, 2025 at 07:10 pm
- Rare coins, especially dimes and Bicentennial quarters, can be worth thousands of dollars. Checking for mint errors, rare dates, and high-quality conditions can help determine if you own a valuable piece. By using professional grading services and reliable resources like PCGS and NGC, you can unlock the hidden value of your coins.
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