VanEck files for Avalanche ETF in Delaware

Vaneck submitted a registration for an avalanche grant fund in the state of Delaware, following its previous SOLANA ETF deposit.

March 10, investment business Valve Deposited for a new cryptocurrency investment product called Vaneck Avalanche ETF in the UNITED STATESAccording to public archives on the official state of Delaware website. This alludes to an official S-1 depositing for an Avox spot (Avax) ETF de Vaneck in the future.

The document is recorded as part of the 10125689 file and the agent registered on the form was revealed to be CSC Delaware Trust Company, similar to many other crypto ETF deposits in the past.

The Vaneck Avx ETF is structured as a statutory trust in Delaware and will be managed under a trust agreement, with Vaneck as the main sponsor of the fund. The next logical step for Vaneck to establish the fund would be to submit an official S-1 form to the United States Commission of securities For an ETF Avax.

At the time of the press, Avx is down more than 7% in the last 24 hours and is negotiated at $ 17.18. In the past few days, the token has had a drop in the trend. Last week, Avalanche fell by almost 15% and more than 32% in the last month.

If the registration is approved, Vaneck could become the first company in the United States to launch a negotiated stock market fund which contains directly of AVAX tokens. Avax is the native token of Layer 1 Blockchain Network Avalanche, designed by Ava Labs.

In June 2024, Vaneck asked for a Solana spot (GROUND) ETF with the American sec, becoming one of the companies to deposit for an ETF Sol. Before their last ETF file, Vaneck also recorded ETF products supported by Bitcoin (BTC) and Ethereum (Ethn).