🧐👉 BitWise proposed ETF Spot AVAX: A new era of crypto institutional investment begins? #QixNewscrypto

Bitwise, the leading Crypto Asset Manager, has submitted an Avalanche ETF Spot (AVAX) application to the US Securities and Exchange Commission (SEC). 🚀 This submission aims to provide direct access investors to the AVAX token through a traditional brokerage account, without the hassle of managing a digital wallet or personal key. This is an important step in expanding the supply of ETF Crypto Bitwise. This ETF is designed to directly hold the AVAX token, not using derivatives, with a net asset value (NAV) that will be determined based on CME CF Avalanche -Dollar Reference Rate. 📈 Coinbase Custody Trust Company will act as a custodian, store Avax assets in separate accounts with safe cold storage, in accordance with New York banking regulations. This increases institutional confidence in the security of digital assets. This bitwise step reflects a significant increase in institutional interest in Avalanche. Other major asset management companies such as Grayscale and Vaneck have also submitted their own ETF Spot Avax proposal, signifying trends that developed in regulated digital asset investments. 🌐 In addition, the Avalanche Foundation plans to collect around $ 1 billion to support the treasury of token, which will allow traditional funding structures such as ETF to buy Avax at discounted prices. This AVAX ETF Spot Approval can bring further legitimacy to the crypto market, attract more institutional capital, and provide greater regulatory clarity. This opens the way for deeper integration between traditional finance and blockchain ecosystem. 🔗 #bitWise_Aavax_etf #Sec_KRITO #Invest_institutional #AVALANCHE_BlockCHAIN ​​#Cinbase_custody #QIXNEWSCRYPTO #Shorts