CandleFocus

VanEck Files for Avalanche ETF – Will AVAX Price Hit $25

VanEck, a leading asset management company, has registered the VanEck Avalanche ETF in Delaware, indicating growing institutional interest in the Avalanche blockchain. The filing marks a significant milestone and, if approved, the ETF would allow investors to gain exposure to Avalanche without owning its native token, AVAX. Avalanche has gained recognition for its role in tokenization and has partnered with JPMorgan and Mastercard for blockchain projects. The recent crypto market crash has affected AVAX, but a quick ETF filing by VanEck could potentially drive its price higher. Currently, AVAX is following a declining trendline but could surge towards $25 if it breaks the $20 resistance level.

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