VanEck Registers Avalanche ETF in Delaware as User Growth Increases
VanEck is exploring the launch of an Avalanche exchange-traded fund (ETF) in the U.S., having registered the "VanEck Avalanche ETF" in Delaware. This registration may precede a formal filing with the SEC, which could increase accessibility for investors and drive price changes for AVAX.
Avalanche's ETF Registration
- Registered under the same framework as Bitcoin, Ethereum, and Solana ETFs.
- Signifies growing institutional interest in Avalanche.
- Approval of a spot AVAX ETF could enhance liquidity and investor confidence.
User Growth in Q1 2025
- On-chain activity shows a rise in new users on the Avalanche network.
- Active users peaked at 1.4 million in January but fell to 705.7K.
- Growing user adoption may indicate potential price recovery for AVAX.
AVAX Price Overview
- Current price: $17.41, down 6.89% in the last 24 hours.
- Value decreased by 62.85% over the past year and is 88.14% below its all-time high of $146.22.
- Technical indicators suggest approaching oversold conditions, with a potential bounce towards the 20-day EMA at $21.30 if support holds.