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VanEck and Grayscale are racing to launch AVAX ETFs, signaling rising institutional interest and potential mainstream adoption of Avalanche. Despite a 56% price drop since January, ETF filings may help stabilize AVAX and attract new capital if regulatory approval is secured. Avalanche (AVAX) began gaining momentum in March, as CNF reported a strong bullish trend. Following that significant move in the cryptocurrency market, VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot Avalanche (AVAX) Exchange-Traded Fund (ETF) on Nasdaq. This initiative aims to provide investors with indirect exposure to AVAX tokens without the need for direct ownership—potentially broadening the asset’s appeal to institutional investors. According to a tweet by Andres Meneses: VanEck has officially filed to list an $AVAX ETF on Nasdaq. Avalanche could soon join the growing list of crypto ETFs hitting traditional markets. Big step for mainstream adoption. VanEck’s application for the Avalanche ETF marks its fourth foray into cryptocurrency ETFs, following previous filings for Bitcoin, Ethereum, and Solana. By holding AVAX tokens in trust, the ETF would allow investors to track the price movements of Avalanche—offering a regulated investment vehicle in the burgeoning crypto space. As shared by Wu Blockchain in a tweet, the filing comes about a month after VanEck initially proposed the ETF. Nasdaq has submitted a rule change application to the U.S. SEC to list the VanEck Avalanche (AVAX) spot ETF. The filing comes about a month after VanEck initially proposed the ETF. According to Bloomberg analyst James Seyffart, the market widely expects both AVAX and DOGE spot… — Wu Blockchain (@WuBlockchain) April 10, 2025 This move underscores VanEck’s commitment to expanding its digital asset offerings amid growing demand for diversified crypto investment products. As previously noted in a CNF update , Grayscale has also submitted a filing to the SEC to launch a spot Avalanche ETF to be traded on the Nasdaq exchange. The race to launch AVAX-backed ETFs is intensifying, with Grayscale seeking to convert its existing AVAX fund into an ETF. If approved, these ETFs could enhance liquidity and provide more accessible investment avenues for both retail and institutional investors, potentially driving broader adoption of AVAX, according to Bitget. Despite these promising developments, AVAX has experienced notable price volatility. After peaking at $41.00 in January, the token’s value has declined by approximately 56%, trading around $18.50 as of April 11, 2025. This downturn reflects broader market trends affecting many cryptocurrencies . However, some analysts suggest that the recent ETF filings could act as catalysts for price stabilization and future growth—contingent on regulatory approvals and overall market sentiment. The performance of AVAX is closely tied to the overall health of the cryptocurrency market . At the time of writing, Avalanche (AVAX) is trading at $18.45, having increased by 1.19% in the past day and 0.76% in the past week. See AVAX price chart below.

Florida federal court approves NBA star O'Neal's NFT lawsuit settlement Florida federal court Judge Federico Moreno this week finally approved NBA star O'Neal's $11 million class-action settlement with Astrals non-fungible token (NFT) buyers, saying in an order the plaintiffs had reviewed and approved the fees requested by lead class counsel as fair and reasonable.

「Gold Token」 PAXG Achieves $112 Million Trading Volume in the Last 24 Hours

Bitget Wallet launches PAXG on-chain gold trading event Bitget Wallet, the world's leading Web3 wallet, now supports PAXG spot and contract transactions, and has launched trading activities simultaneously to encourage users to deploy gold assets on the chain. The event will be held from 14:00 on April 12 to 14:00 on April 20 (UTC+8). Users who complete PAXG transactions can share a total of $9,000 in rewards. PAXG is a token issued by Paxos, each anchored to 1 ounce of physical gold. As the international situation heats up and the gold price breaks through $3,200, on-chain gold is becoming a new destination for safe-haven funds. Bitget Wallet provides a simple and smooth one-stop trading experience, supports one-click cross-chain transactions of 130+ public chains and millions of assets, and is equipped with Gas optimization and security protection mechanisms to help users easily grasp gold value preservation opportunities while enjoying the actual benefits brought by DeFi.

Bitcoin Ecosystem Token Surges, MAGIC•INTERNET•MONEY Sees Over 147% Daily Gain