Bitwise submits Avalanche ETF S-1 application documents to the US SEC
Source: ForesightNews
Time: 2025-09-16 09:27:06
Bitwise has filed an S-1 document with the U.S. Securities and Exchange Commission (SEC) to apply for the launch of the Avalanche ETF. If the product is approved, Coinbase will be used as the custodian. The ETF will use the CME CF Avalanche-Dollar Reference Rate to determine the net asset value and hold AVAX tokens directly instead of derivatives.