VanEck Registers for Avalanche ETF, Will AVAX Price Recover Soon?

As per the latest reports, digital asset manager VanEck has registered an Avalanche ETF in Delaware on Monday, March 10. This has led to the hopes of a spot AVA ETF filing coming soon with the U.S. Securities and Exchange Commission (SEC). This development helped to arrest the downside in the AVAX price amid the broader market correction, and reversed the trajectory on the upside.