US giant asset manager Vaneck, avalanche $17.26 (AVAX) officially conveyed an ETF application to the Delaware court. The application, which was recorded on March 10, increased expectations for Spot Avax ETFs in the crypto money market, while the AVAX price increased a 13 %rise signal. Despite a wave of correction throughout the market, Avalanche’s tokens with JPMorgan and Mastercard are also interested in investors.
Vaneck’s ETF move and Avax’s rise dynamics
Vaneck’s Avalanche ETF application is interpreted as an indication of increasing interest in the crypto currency market after the management changes in the SEC. While the company has previously attracted attention with the attempt to filling ETF, it maintains its portfolio diversification strategy. Although analysts emphasize that the approval process of the application may be long, it is seen that it blows an optimistic atmosphere in the market in the short term.
The AVAX price rose from $ 15 to 17 dollars after the application news, and the daily transaction volume increased by 97 %and exceeded $ 600 million. However, 8 %decrease in open positions and increasing liquidations raise questions about the sustainability of the rise. Investors closely monitor the macroeconomic data coming from the US in the coming weeks and the attitude of the SEC.
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Avalanche’s tokecination strategy and corporate collaborations
Avalanche includes the leading organizations of the financial sector in the ecosystem with its work in the field of tokens. JPMorgan is working to integrate the Onyx payment platform with Avalanche’s sub -networks, while MasterCard is carrying out pilot projects on the block chain. These collaborations reveal the power of Avalanche’s customizable infrastructure for institutional use.
Crypto money analyst Miles Deutscher stated that the number of new users in the Avalanche network increased rapidly during the January-March period, and that the tokecination projects increase the network effectiveness. Avalanche’s rapid trading capacity and low costs continue to attract traditional financial giants’ interest in the block chain.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
