Bitwise submits ETF Avalanche application, ushering in an Altcoin ETF era in the US

Bitwise, one of the leading crypto asset managers, has just submitted an application to the US Securities and Exchange Commission (SEC) to launch the Avalanche ETF ($AVAX ). This move comes amid the upcoming launches of ETFs for $XRP and Dogecoin, marking a significant advance in the legalization and expansion of the cryptocurrency market in the US.

The door opens for Altcoins

The filing of #Bitwise for AVAX, one of the largest digital assets, shows that fund managers are confident in the potential of altcoins and want to bring them closer to traditional investors. This is not only good news for the Avalanche community but also a strong signal for the entire altcoin market.

The resounding success of Bitcoin and Ethereum ETFs has paved the way for similar products. The fact that the SEC is now reviewing a long list of applications #ETFaltcoin indicates that this regulatory body is becoming more open, creating a clearer and fairer legal environment for the industry. The launch of these ETFs not only helps increase liquidity but also attracts more capital from institutional investors, promoting acceptance and sustainable development of the crypto market. #anh_ba_cong