TechFlow, September 16 — According to The Block, Bitwise has filed an S-1 document with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) that tracks AVAX, the native token of the Avalanche blockchain.
If approved, the product will use Coinbase as custodian. According to the SEC filing, the fund will determine its net asset value using the CME CF Avalanche-Dollar Reference Rate and will hold AVAX tokens directly rather than derivatives.
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