Bitwise Files for Avalanche ETF Ahead of XRP and Dogecoin Fund Launch in the US

Bitwise has recently submitted a filing to the US Securities and Exchange Commission (SEC) for the creation of an Exchange Traded Fund (ETF) focused specifically on the Avalanche cryptocurrency. This announcement precedes the anticipated launch of the Bitwise Crypto Innovators ETF (BTCR), a fund that combines XRP and Dogecoin holdings with other investments in the digital asset space. This development signifies a substantial step in broadening the spectrum of crypto-related investment products available to US investors, offering diversified avenues for participating in the growth of the cryptocurrency market. The proposed Avalanche ETF would provide investors with an opportunity to gain exposure to the AVAX coin without needing to directly purchase and store it. Bitwise’s filing signals growing institutional interest in Avalanche and its potential within the blockchain and decentralized finance (DeFi) sectors. The BTCR fund aims to offer broad access to innovation in the digital currency realm, incorporating alternative cryptocurrencies like XRP and Dogecoin, in addition to investments in crypto-related companies.