According to TheMarketPeriodical, Avalanche (AVAX) price rose slightly on Thursday as the crypto market rebounded, coinciding with VanEck's final ETF filings with the SEC. VanEck, a firm with $139 billion in AUM, could be the first to launch an AVAX ETF, with the VAVX ETF detailing fees and custodians Coinbase and Anchorage Digital. The SEC will now review the filing, with a potential launch in December. Other firms like Bitwise and Grayscale have also filed for AVAX ETFs. Avalanche's network is experiencing growth, with 31% more transactions in the last 30 days and TVL rising to 133 million AVAX. However, technical analysis suggests AVAX remains in a bearish trend, with a potential drop to $10 or the 2023 low of $8.64.
VanEck Files Final AVAX ETF with SEC as Avalanche Price Rises
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