Bitwise Avalanche ETF Inches Closer to U.S. Market With Fresh S-1 Filing
TLDR : Bitwise has filed an S-1 with the SEC to launch a new Avalanche ETF for U.S. investors. The ETF will track the CME CF Avalanche–Dollar Reference Rate to determine daily NAV. Bitwise secured Delaware registration for the ETF before filing with the SEC. The ETF plans to issue shares in 10,000-unit baskets to authorized participants. The crypto ETF race now has added a new contender. Bitwise has officially filed an S-1 with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF. The registration comes after Bitwise secured its Delaware incorporation, laying the legal groundwork for the trust. The move signals growing demand for Avalanche investment products in the U.S. market. I Bitwise Avalanche ETF Structure and Objective According to the SEC filing , the Bitwise Avalanche ETF aims to hold Avalanche directly and mirror its market value. The trust will calculate its net asset value using the CME CF Avalanche–Dollar Reference Rate – New York Vari...