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According to public records from the Delaware state website, VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF). The filing is dated Mar. 10 and is called VanEck Avalanche ETF. Source: Delaware.gov Also Read: Bitcoin Plan: Scaramucci’s 2% Strategy Wasn’t Enough—Saylor Calls It Contradictory Cryptocurrency-based ETFs To Take Charge In 2025 Source: Watcher Guru VanEck’s AVAX ETF filing comes as no surprise as the crypto industry has seen a surge in the applications of crypto-based ETF products. The SEC made history in January 2024 when it approved 11 spot Bitcoin (BTC) ETFs. The SEC later went on to approve Ethereum ETFs as well. Many anticipate the pro-crypto leadership in the US to lead to the approval of several more crypto-based ETFs. Also Read: Coinbase Revolutionizes U.S. Crypto Market with 24/7 Bitcoin Futures Crypto ETFs have seen significant outflows over the last few weeks. The market has taken a significant hit after the US announced tariffs against multi...

The market dynamics have been changing over the last couple of days. Several assets were seen drowning in volatile waters. Ripple’s XRP was seen struggling to maintain itself above the $0.60 level. At press time, the asset was trading at $0.5968 following no major spikes over the past 24 hours. XRP saw one of the weakest rallies all year as it surged by only 10.79% in the past 12 months. Source Ethereum (ETH) recorded a similar fate. The asset was trading at $2,585.89 with only a 54% rise over the year. While several assets created new peaks, ETH struggled and failed to reclaim its all-time high of $4,891. At present, ETH is trading 47% below its current level. But several investors along with VanEck believe that Ethereum will surge to a high of $50,000. This prediction was asset management firm last year after a thorough Analysis of the asset. VanEck anticipates that this forecast will come true by 2030. For Ethereum to reach the $50,000 level, it must increase by 1,590%. The ma...