Crypto Asset Management Company Bitwise submits S-1 files for Avalanche ETF
Source: CoinWorld
Time: 2025-09-16 05:36:38
Bitwise has submitted an application with the Securities and Exchange Commission (SEC) to launch a spot AVAX ETF that will track Avalanche’s native tokens and use Coinbase as a custodian. The fund is designed to allow investors to invest in AVAX through traditional brokerage accounts without the risk of holding the tokens directly. Bitwise has provided Bitcoin and Ethereum ETFs and plans to calculate net asset value using the CME CF Avalanche USD reference exchange rate. AVAX is currently trading at $29.85, up 1% on the day.