Bitwise submits S-1 files to the US SEC for the Avalanche ETF
Source: ChainCatcher
Time: 2025-09-16 07:13:01
According to ChainCatcher, crypto asset management company Bitwise is seeking to launch an ETF tracking Avalanche blockchain native token AVAX, if the product is approved by the U.S. Securities and Exchange Commission (SEC), it will designate Coinbase as the custodian. "The trust provides investors with the opportunity to enter the Avalanche market through traditional brokerage accounts, avoiding the barriers or risks that may face when buying and holding Avalanche directly," Bitwise wrote in an S-1 filing filed on Monday. The fund will use the CMECFAvalanche-USD reference rate to determine its net asset value (NAV). The fund will hold AVAX tokens and will not use derivatives.