Bitcoin, then Ethereum, and now Avalanche, Solana, and XRP: which digital asset does not yet have its ETF?

Vaneck has officially submitted a request to the Securities and Exchange Commission to Launch An Etf for Avalanche.

Enthusiasm for Crypto ETF in the United States has new heights. After Bitcoin, it is the avalanche turn to be in the spotlight with a request from Vaneck.

Investment firm Vaneck made a request to the Securities and Exchange Commission (SEC) to launch an ETF on Avalanche.

The financial instrument would follow the AVAX index, thus offering an indirect exposure to the token to investors who do not wish to take possession of it directly.

This news comes as impatience reaches heights for ETF on Altcoins in the United States.

According to Bloomberg, this request from the American regulator for an avalanche ETF was confirmed by a legal document.

The institution has already received authorization to offer an ETF Bitcoin, and several others for future bitcoins have been approved.

However, requests for products following directly altcoins have not yet succeeded.

The interest of institutions for altcoins is a major subject that could accelerate considerably.

A variety of crypto etfs are flooding in, and avalanche is the latest examples.

Vaneck Had Previously Applied to Launch An Etf that wow offered Direct Exposure To The Avalanche (Avx) Token.

This news comes at a time when the enthusiasm for crypto etfs in the us is exploding.

Its application for an etf tracking bitcoin future was approved in 2021, marking a historic moment for the industry.

Since then, Several Other Institutions have submitted Requests for Similar Products, and the Sec has also approved Etfs Tracking Solana and XRP.

However, Applications for Etfs Offering Direct Exposure To Altcoins have been put with silence from the regulator.

According to report by Jpmorgan, Altcoin Etfs Could Attract Billions of Dollars in Assets Under Management.

The Institution Estimates that about $ 15 Billion in inflows are expected over the next 12 months, and new crypto Etfs COULD Attract Another $ 3.5 Billion.

However, some experts point out that crypto etfs do not systematically trigger a price increase.

DEFI Analyst Xeusthegreat Noted on x That the BTC Etf DID NOT IMMIDATELY LEAD TO A SURGE in Bitcoin's Price to $ 100,000 as Some Had Anticipated. Instead, there was an initial drop followed by a late rebound.

Will Avalanche Suffer The Same Fate?

The sec, under a more crypto-friendly administration, is examining these new crypto etf requests closely.

If regulation loosens, multiply opportunities. But uncertainties remain: the volatility of cryptos, market manipulation risks, and the evolution of legal frameworks continues to be major concerns.

COULD The Crypto Regulator Hinder This Momentum? The Sec has already postponeed some decisions, opting for a more in-depth review.

However, Bloomberg Believes that the chances of Approval for Altcoin Etfs in 2024 Remain High.

The Stakes Are High: Investors Want Greater Diversification, Authorities Seek to Avoid Excess.

Between surety and innovation, the crypto market is at a crucial turning point.

Crypto Etfs Offer A Range of Possibility, Paving the Way for New Capital and Investors. Yet, Enthusiasm Sometimes Hides a More nuanced Reality.

Katalin Tischhauser, An Analyst at Sygnum, Warns: Behind the Promises also binds acetainties. Will the Avalanche Etf and Other Altcoins be a revolution or a mere illusion?

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The Blockchain and Crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this world, against all hope, I would say that I was there for something

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