VanEck Files for Avalanche (AVAX) Spot ETF 🔺

​The News: Global asset manager VanEck has officially filed a registration application with the SEC for a Spot Avalanche ETF, planned to trade under the ticker VAVX.

​Key Details: The filing includes a 0.30% management fee and enlists Coinbase Crypto Services as the staking provider.

​Why it Matters: This marks a significant expansion of institutional crypto products beyond just Bitcoin and Ethereum, signaling that major firms view Avalanche as a core pillar of the future financial infrastructure.#AVAX $AVAX