Global Investment Management Giant Vaneck has applied for a new Avax exchange trading fund (ETF) in the United States.
The document submitted to Delaware this week gave a hint of new possible ETFs.
Vaneck currently provides ETH and Bitcoin (BTC) ETFs and submitted Solana (SOL) exchange trading funds that are not yet approved. Matthew Sigel, head of Digital Assets Research, said last summer’s submission is a bet that Donald Trump won president.
Investment large companies also applied to start the “Onchain Economy ETF”, which focuses on digital asset devices such as futures contracts and digital innovation companies without investing in digital assets itself.
Avax is trading $ 17.81 at the time of writing. The 20th password asset has increased by more than 6.5% over the last 24 hours, but has fallen more than 11% over the last seven days.
The US Securities and Exchange Commission (SEC) has fixed the first Spot Market Bitcoin ETF in January 2024, resulting in billions of dollars in the market capitalization. The regulatory authorities approved Ether Leeum ETF in July.
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