Avalanche (AVAX) surged 55% in a week following the launch of Bitwise's Avalanche ETF (BAVA), the first regulated fund offering direct exposure to AVAX tokens with an active staking model. The ETF stakes about 70% of its holdings to generate an estimated 5.4% yield, attracting early inflows of around $18-22 million in assets under management. This new ETF structure could set a precedent for future staking-enabled crypto ETFs, increasing demand for AVAX by locking tokens in staking contracts and reducing circulating supply. Avalanche's strong network performance and partnerships with Visa and FIFA support its growing appeal as an enterprise-grade blockchain.
As of Sep 23, 2026 06:21 WIB, AVAX trades at Rp202.562 on Pluang, showing a moderate 1.18% increase in the last day. The circulating supply stands at 442.9 million out of a total 715.7 million AVAX tokens, with a market cap of Rp88.37 trillion. Buy orders currently make up 55% of Pluang's activity, reflecting steady interest in Avalanche amid the new ETF developments.
Avalanche (AVAX) climbed to an intraday high of $10.52 on October 16, surpassing the earlier resistance level of $10.42. Despite this gain, AVAX remained below its 20-day moving average of $10.71, indicating cautious momentum. The token showed a 6% i...
On October 15, altcoin spot ETFs for LINK and NEAR attracted new investments, while XRP, SOL, Polkadot, HYPE, BNB, and ZEC experienced net outflows. Notably, the XRP ETF market shifted to a net outflow after a day of inflows, and Solana's ETF extende...
