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VanEck and Grayscale are racing to launch AVAX ETFs, signaling rising institutional interest and potential mainstream adoption of Avalanche. Despite a 56% price drop since January, ETF filings may help stabilize AVAX and attract new capital if regulatory approval is secured. Avalanche (AVAX) began gaining momentum in March, as CNF reported a strong bullish trend. Following that significant move in the cryptocurrency market, VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot Avalanche (AVAX) Exchange-Traded Fund (ETF) on Nasdaq. This initiative aims to provide investors with indirect exposure to AVAX tokens without the need for direct ownership—potentially broadening the asset’s appeal to institutional investors. According to a tweet by Andres Meneses: VanEck has officially filed to list an $AVAX ETF on Nasdaq. Avalanche could soon join the growing list of crypto ETFs hitting traditional markets. Big step for mainstream adoption. VanEck’s application for the Avalanche ETF marks its fourth foray into cryptocurrency ETFs, following previous filings for Bitcoin, Ethereum, and Solana. By holding AVAX tokens in trust, the ETF would allow investors to track the price movements of Avalanche—offering a regulated investment vehicle in the burgeoning crypto space. As shared by Wu Blockchain in a tweet, the filing comes about a month after VanEck initially proposed the ETF. Nasdaq has submitted a rule change application to the U.S. SEC to list the VanEck Avalanche (AVAX) spot ETF. The filing comes about a month after VanEck initially proposed the ETF. According to Bloomberg analyst James Seyffart, the market widely expects both AVAX and DOGE spot… — Wu Blockchain (@WuBlockchain) April 10, 2025 This move underscores VanEck’s commitment to expanding its digital asset offerings amid growing demand for diversified crypto investment products. As previously noted in a CNF update , Grayscale has also submitted a filing to the SEC to launch a spot Avalanche ETF to be traded on the Nasdaq exchange. The race to launch AVAX-backed ETFs is intensifying, with Grayscale seeking to convert its existing AVAX fund into an ETF. If approved, these ETFs could enhance liquidity and provide more accessible investment avenues for both retail and institutional investors, potentially driving broader adoption of AVAX, according to Bitget. Despite these promising developments, AVAX has experienced notable price volatility. After peaking at $41.00 in January, the token’s value has declined by approximately 56%, trading around $18.50 as of April 11, 2025. This downturn reflects broader market trends affecting many cryptocurrencies . However, some analysts suggest that the recent ETF filings could act as catalysts for price stabilization and future growth—contingent on regulatory approvals and overall market sentiment. The performance of AVAX is closely tied to the overall health of the cryptocurrency market . At the time of writing, Avalanche (AVAX) is trading at $18.45, having increased by 1.19% in the past day and 0.76% in the past week. See AVAX price chart below.

Interestingly on the @solana front: While @JupiterExchange leads swap aggregation by volume, @defidotapp has been quietly printing consistent ATHs - averaging ~$77M daily over the past 2 weeks. Strong signs of a budding DeFi UX play gaining traction amidst a monopolistic space.

A lot of weird stuff keeps happening in this space. Weird projects, weird names, all for the bag... Nothing's more exciting. Gm

In a surprising turn of events for the cryptocurrency world, the trial of Do Kwon, the controversial co-founder of Terraform Labs, is set to proceed as planned. This development comes even after the U.S. Department of Justice (DoJ) recently disbanded its cryptocurrency investigation unit, raising eyebrows and sparking questions across the digital asset landscape. Are you wondering how this disbandment impacts ongoing crypto crime cases? Let’s dive into the details and uncover what this means for Do Kwon and the broader crypto regulatory environment. The news of the DoJ dismantling its National Cryptocurrency Enforcement Team (NCET) sent ripples through the crypto community. Many speculated about a potential softening stance on cryptocurrency regulation and enforcement. However, the prosecution in the Do Kwon case has clarified that this organizational change will not derail the legal proceedings. CoinDesk’s report highlighted the prosecution’s firm stance: the charges against Do Kwon are fundamentally rooted in fraud and conspiracy to commit fraud. This distinction is crucial. Here’s a breakdown of why Do Kwon’s case is proceeding unaffected: On April 7th, the DoJ made a significant announcement. It wasn’t just the disbandment of the NCET; it was also the formalization of new guidelines concerning cryptocurrency industry personnel. These guidelines indicate a move away from holding individuals legally accountable under federal securities and commodities laws for certain violations. But what does this mean for the future of crypto investigations and enforcement? Let’s analyze the key takeaways from the DoJ’s announcement: The ongoing legal battle against Do Kwon serves as a critical case study in the realm of cryptocurrency accountability. The fraud charges leveled against him and Terraform Labs are not trivial. They represent a significant effort to address alleged misconduct that had widespread financial repercussions across the crypto market. What are the key elements of these fraud charges? The prosecution is likely focusing on demonstrating: The outcome of the Do Kwon trial could set a precedent for future fraud charges in the cryptocurrency space, clarifying the boundaries of acceptable conduct and the consequences of crossing those lines. The actions of the DoJ, particularly the disbandment of the NCET, prompt reflection on the government’s evolving strategies for cryptocurrency regulation and enforcement. Is this a retreat, a strategic realignment, or something else entirely? Several interpretations are possible: The saga of Terraform Labs and its dramatic downfall serves as a stark reminder of the risks and vulnerabilities inherent in the cryptocurrency market. Regardless of the legal outcomes for Do Kwon, the Terraform Labs episode has already left an indelible mark. What crucial lessons can the crypto industry learn from this? Key takeaways include: Despite shifts in organizational structures within the DoJ and evolving regulatory approaches, the message is clear: the pursuit of justice in the cryptocurrency space remains unwavering, particularly when it comes to allegations of significant fraud. Do Kwon’s trial proceeding as scheduled underscores this commitment. The crypto industry, while innovative and transformative, is not immune to the rule of law. As the legal proceedings unfold, the world will be watching closely, seeking clarity on accountability and the future landscape of cryptocurrency regulation and enforcement. This case is a powerful signal that while the crypto world operates at lightning speed, traditional legal principles of fraud and accountability remain steadfast. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.