The latest news for the Avalanche $AVAX coin involves amended SEC filing for a spot Avalanche ETF which proposes to include staking rewards indicating growing institutional interest. The current $AVAX price is approximately $12.28 but technical indicators suggest a persistent bearish trend despite these positive institutional developments.

The price has seen some short term volatility with a minor gain today but has generally trended downwards falling around 8.25% over the last week. It is trading below its major moving averages a sign of a persistent bearish trend.

VanEck has submitted an amended filing to the U.S SEC for a spot Avalanche ETF VAVX on the Nasdaq which notably includes plans to stake up to 70% of its $AVAX holdings through to generate yields for investors.

Current Price $12.28

24h Change 2.55%

24h Trading Volume $293.29M

Circulating Supply 429.53M AVAX#AVAX #WriteToEarnUpgrade

AVAX
AVAX
12.37
+2.06%