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The global investment management giant VanEck has filed for a new Avalanche (AVAX) exchange-traded fund (ETF) in the US. Documents submitted to the state of Delaware this week hint at the new possible ETF, which presumably would be tied to the price of the Ethereum (ETH) layer-1 rival. VanEck currently offers ETH and Bitcoin (BTC) ETFs and has filed for a Solana (SOL) exchange-traded fund, which has yet to be approved. Matthew Sigel, the firm’s head of digital assets research, said last summer that the SOL filing was a bet on Donald Trump winning the presidency. The investment giant has also applied to launch an “Onchain Economy ETF,” which will not invest in digital assets themselves but instead will focus on digital asset instruments, such as futures contracts and digital transformation companies. AVAX is trading at $17.81 at time of writing. The 20th-ranked crypto asset by market cap is up more than 6.5% in the past 24 hours but down more than 11% in the...

Though BTC has received the most attention with its march toward $100,000, other coins and tokens have also been moving, and Solana (SOL) has even managed to reach a new all-time high (ATH) in market capitalization earlier in the week. SOL 30-day price chart. Source: Finbold Additionally, between the broad institutional adoption and the exit of the man widely seen as the opponent of digital assets, there has been much talk of a spot SOL exchange-traded fund (ETF), and much discussion about what such a development would mean for the token. In fact, as of November 21, VanEck, 21Shares, and Canary Funds have all filed for a Solana ETF, and Bitwise is expected to submit its documents to the SEC on Friday. Additionally, the work needed for the approval is ‘progressing,’ as are the discussions between issuers and the regulator, per an X post made by Fox’s Eleanor Terrett. Picks for you ...

The U.S. Securities and Exchange Commission delayed multiple decisions on proposed spot Bitcoin (BTC) ETFs ahead of a possible government shutdown . Pending applications from VanEck, WisdomTree and Fidelity were all delayed on Sept. 28, per The Block. The regulator said it was instituting additional proceedings to determine whether the proposed ETFs should be approved or disapproved. The SEC asked for input from commentators, who have 21 days to submit written data, views, and arguments. There’s another 35-day rebuttal period, which suggests the approval process will drag on for at least a few more months. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. SEC’s WisdomTree filing You might also like: SEC delays Bitcoin ETF proposal, seeks public input Do commenters agree with the Exchange that the Chicago Mercantile Exchange, on which CME Bitcoin futures trade, represents ...

VanEck Previews Ethereum Futures ETF with Quirky TV Ads Amid Anticipation of Early Launch; Investment manager VanEck is revving up its marketing campaign for its forthcoming Ethereum futures exchange-traded fund (ETF), with analysts suggesting it could hit the market as soon as October 2. VanEck unveiled two TV commercials under the theme “Enter the Ether” on September 28, teasing the imminent launch of its Ethereum Strategy ETF , tagged with the ticker EFUT . The commercials were released concurrently with a press statement from VanEck , announcing that EFUT would be listed on the Chicago Board Options Exchange and managed by Greg Krezner, VanEck ’s Head of Active Trading. Eric Balchunas and James Seyffart, Bloomberg ETF analysts, speculate that the TV ads indicate Ethereum futures ETFs might launch sooner than expected. Seyffart believes that VanEck’s new ETF could debut as early as Monday despite a document from September 29 stating that it would only ta...