Asset management firm Bitwise has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking AVAX, the native token of the Avalanche blockchain. The proposed ETF aims to provide direct exposure to AVAX by holding the cryptocurrency itself, avoiding derivatives and simplifying investor access. Bitwise Seeks SEC Nod For Its AVAX ETF According to the filing, the ETF’s net asset value (NAV) will be determined by referencing the CME CF Avalanche–Dollar Reference Rate – New York Variant. Coinbase Custody Trust Company, LLC will serve as the custodian
source: https://beincrypto.com/bitwise-avax-etf-filing-september-rally/