#Avalanche Avanza: SEC Considers Spot ETF and Launches New Layer 1

The U.S. SEC has acknowledged VanEck's application for a spot Avalanche ETF ($AVAX ), a crucial step to offer direct exposure to this cryptocurrency. At the same time, the Avalanche ecosystem is expanding with the launch of Ash, a new Layer 1 blockchain.

This regulatory move and technological innovation indicate a growing interest and development within the Avalanche network, marking an important milestone in the digital asset landscape.