VanEck Files AVAX ETF as Institutional Spotlight Heats Up Crypto

15.03.2025 00:10
Global investment manager VanEck has filed for an Avalanche (AVAX) ETF with the SEC, aiming to offer investors direct exposure to the smart contract platform. A snippet of the filing shared by Bloomberg analyst James Seyffart has amplified the buzz on social media, underscoring growing institutional interest. In addition, US Bitcoin ETFs have recently reversed a downtrend with a $13.3M inflow, suggesting a broader shift in investor sentiment towards crypto assets. The news paints a positive picture for both AVAX and BTC: AVAX could benefit from increased liquidity and adoption driven by the ETF prospect, while Bitcoin may experience renewed buying interest fueled by ETF inflows and market maturity. However, regulatory delays and market volatility remain as potential risks for both assets in the short term, with longer-term trajectories tied closely to SEC decisions and sustained institutional participation.