Avalanche
Why Avalanche is up 1.8% in the last hour
Analysis
Avalanche (AVAX) rose 1.8% over the past hour as traders reacted to Cointelegraph’s report that VanEck is expanding its crypto ETF lineup with a spot Avalanche product, which can be interpreted as supportive for institutional access and sentiment. The move came despite a separate CoinDesk report noting Anthony Scaramucci-linked AVAX One fell sharply on uncertainty around shareholder sales, suggesting the ETF-related headline likely outweighed that negative development in the short term.
Contributing Factors (2)
VanEck expands crypto ETF lineup with spot Avalanche product
The newly launched fund offers exchange-traded exposure to AVAX as other proposed Avalanche ETFs remain under regulatory review.
Anthony Scaramucci-linked AVAX One tumbles 32% on uncertainty around shareholder sales
The firm, which holds AVAX tokens and related Avalanche ecosystem assets, registered roughly 74 million shares held by insiders.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.