Why Did AVAX Fail to React to VanEck’s ETF Filing?

Winfried S. Krantz
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VanEck’s recent ETF filing for Avalanche (AVAX) was anticipated to be a major catalyst for price movement. If approved, the ETF would allow institutional investors to gain exposure to AVAX without directly purchasing the cryptocurrency. Historically, similar filings for Bitcoin and Ethereum have triggered significant price surges. However, AVAX’s price remained largely unchanged, raising questions about market sentiment.

Why Did AVAX Fail to React to VanEck’s ETF Filing? = The Bit Journal

ETF Announcement Fails to Ignite AVAX Rally

Despite the ETF news, AVAX continued trading around $18.6 without showing signs of an upward breakout. Technical indicators suggest a lack of bullish momentum, with AVAX still below key moving averages. The 50-day moving average stands at $21.5, while the 200-day moving average is at $33.2. Additionally, the Relative Strength Index (RSI) hovers at 43.75, indicating weak buying interest.

Why Did AVAX Fail to React to VanEck’s ETF Filing? = The Bit Journal

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Institutional Investors Remain Cautious

Market data shows that as of March 14, total ETF net outflows reached -$106.10 million, reflecting institutional caution towards crypto assets. Over the past week, ETFs experienced a cumulative net outflow of -$433.35 million. However, in the past three months, total ETF inflows have increased by $450.17 million, suggesting that institutional interest in crypto remains intact in the long run.Why Did AVAX Fail to React to VanEck’s ETF Filing? = The Bit Journal

What’s Next for AVAX?

For AVAX to gain upward momentum, it needs stronger catalysts beyond the ETF filing. A decisive move above the $21.5 resistance level could fuel bullish sentiment, while failure to break this level may lead to further selling pressure. Investors will closely monitor the SEC’s ETF decisions and institutional engagement with AVAX in the coming weeks. For now, the cryptocurrency remains in a consolidation phase, reflecting broader market uncertainty.

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Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

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Content Editor/ Writer Hello, my name is Winfried Krantz and I am a banking analyst and finance journalist with expertise in economics, finance, and cryptocurrency. With over 10 years of experience in the industry, I have a deep understanding of how these fields interact and influence each other.I received my BSc in Finance, Accounting, and Management from the University of Nottingham, where I honed my skills in financial analysis and reporting. Since then, I have worked with a number of leading publications, sharing my insights and helping readers stay up-to-date with the latest trends and developments in the world of finance.
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