Vaneck的雪崩[avax] ETF申請未能引發任何價格動作

這很重要，尤其是因為新聞更新後，Avax的價格幾乎沒有反應。

VanEck’s latest S-1 filing with the SEC for an Avalanche [AVAX] ETF has sparked discussions among crypto investors. This is especially pertinent as AVAX’s price showed little to no reaction following the news update.

Vaneck向SEC提交的S-1申請[Avax] ETF引發了加密投資者的討論。這是特別相關的，因為新聞更新後，Avax的價格幾乎沒有反應。

As expected, this has left investors wondering whether the development has already been priced in or if market participants are simply indifferent to the ETF prospect.

正如預期的那樣，這使投資者想知道該開發項目是否已經定價或市場參與者對ETF前景無動於衷。

What the VanEck Avalanche ETF means

Vaneck Avalanche ETF的含義

VanEck’s move to launch an Avalanche ETF marks another step towards the institutional adoption of cryptocurrencies. The ETF would expose traditional investors to AVAX, without requiring direct token purchases if approved. This could lead to greater capital inflows and higher market visibility for Avalanche.

Vaneck發起雪崩ETF的舉動標誌著朝著機構採用加密貨幣的一步。 ETF將使傳統投資者接觸到avax，如果獲得批准，則無需直接購買。這可能導致雪崩的資本流入和更高的市場知名度。

However, while similar ETF filings for other assets such as Bitcoin and Ethereum have seen massive price surges due to heightened interest, in AVAX’s case, the price action was rather muted.

但是，儘管其他資產（例如比特幣和以太坊）類似的ETF申請由於興趣提高而導致了巨大的價格飆升，但在Avax的情況下，價格行動卻相當淡起。

AVAX price trends and market sentiment

雅芳價格趨勢和市場情緒

At press time, AVAX was trading at around $18.57, with no significant breakout following the ETF news. In fact, technical indicators reflected a prevailing bearish trend, with AVAX struggling below both its 50-day [$21.47] and 200-day [$33.20] moving averages. This suggested that the token may still be in a downtrend, making it difficult for bullish momentum to take hold despite the positive ETF filing.

在發稿時，Avax的交易價格約為18.57美元，在ETF新聞後沒有明顯的突破。實際上，技術指標反映了一種普遍的看跌趨勢，雅芳（Avax）掙扎著50天[$ 21.47]和200天[$ 33.20]移動平均值。這表明令牌可能仍處於下降趨勢，儘管ETF提交了積極的歸檔，但看漲的勢頭很難獲得。

Source: TradingView

資料來源：TradingView

Furthermore, the Relative Strength Index [RSI] had a reading of 43.75, indicating that AVAX was neither overbought nor oversold at press time. This seemed to be in line with the lack of immediate buying pressure across the board. Volume trends also suggested that traders were not rushing to accumulate AVAX in response to the news.

此外，相對強度指數[RSI]的讀數為43.75，表明Avax在發稿時既不是過分買賣也不是超額。這似乎是由於缺乏立即購買壓力的全面。數量趨勢還表明，交易者並不急於響應新聞來積累avax。

Is the Avalanche ETF filing already priced in?

雪崩ETF是否已經定價？

One potential explanation for the lack of movement might be that the market had already factored in the possibility of an Avalanche ETF. With multiple crypto ETFs gaining traction in recent months, investor excitement surrounding new filings seemed to have diminished.

缺乏運動的一種潛在解釋可能是市場已經考慮了雪崩ETF的可能性。近幾個月來，隨著多個加密ETF的吸引力，圍繞新文件的投資者興奮似乎已經減少。

Moreover, the broader market remains uncertain, with many altcoins facing selling pressure as Bitcoin’s dominance continues to rise. This could be another reason why AVAX wasn’t showing any major price shifts despite the ETF filing.

此外，隨著比特幣的統治地位不斷上升，許多山寨幣仍面臨銷售壓力。這可能是Avax儘管提交ETF，但Avax沒有顯示出任何重大價格變化的另一個原因。

Finally, new data on ETF netflows shared some additional context for AVAX’s sluggish price action. For instance – Total ETF net outflows for 14 March were -$106.10 million – A sign of bearish sentiment among institutional investors.

最後，有關ETF Netfrows的新數據分享了Avax的低價行動。例如，3月14日的ETF淨流出總額為-10610萬美元 - 機構投資者中看跌的跡象。

Source: CoinMarketCap

資料來源：CoinMarketCap

Over the past week, the market saw cumulative outflows of -$433.35 million, further reinforcing risk-averse behavior. Despite these short-term losses, however, ETF netflows have remained positive over the last three months, with a net gain of +$450.17 million. This means that while institutional sentiment remains cautious in the near term, long-term investment interest in digital assets has not completely disappeared.

在過去的一周中，市場累積流出 - 4.335億美元，進一步加強了避開風險的行為。儘管有這些短期損失，但在過去三個月中，ETF Netflows一直保持陽性，淨收益為45017萬美元。這意味著，儘管在短期內機構情緒仍然謹慎，但數字資產的長期投資權益並未完全消失。

What’s next for AVAX?

Avax的下一步是什麼？

The upcoming days will be crucial for AVAX to break out of its current stagnation. A decisive move above the $21.50-level could signal renewed bullish momentum, while failure to maintain its support levels may lead to further downside pressure. As always, investors will be keeping a close eye on SEC developments and potential institutional inflows, before making any major moves.

即將到來的日子對於Avax爆發其當前停滯至關重要。超過$ 21.50級別的決定性舉動可能標誌著新的看漲勢頭，而未能維持其支撐水平可能會導致進一步的下行壓力。與往常一樣，在採取任何重大舉措之前，投資者將密切關注SEC的發展和潛在的機構流入。

Despite the ETF filing, AVAX’s price has been consolidating, reflecting the broader market’s hesitation. Whether institutional demand will materialize remains to be seen. But for now, the altcoin might just be in a wait-and-see phase.

儘管提交了ETF，但Avax的價格一直在鞏固，反映了更廣泛的市場的猶豫。機構需求是否會實現還有待觀察。但是就目前而言，Altcoin可能只是處於待觀察階段。