Over the last few days, AVAX price has been following a bullish path, and when writing, it has been trading at $32.88 with an intraday increase of 9.47%, and has added 14.31% in a week.
Earlier this week, Bitwise, one of the known asset managers, filed an S-1 registration statement with the SEC for a new exchange-traded fund focused on Avalanche.
The filing by Bitwise with the SEC notes that the yet-to-be-approved ETF would hold AVAX tokens instead of using derivatives.
After the successful debut of the Bitcoin spot ETF, the rush to launch ETFs of other altcoins and memecoin has peaked to new heights.
According to the data from CoinMarketCap, AVAX tokens are the 13th most prominent crypto in the market with a market capitalization of $13.92 billion, and trading volume is $1.77 billion.
Bitwise joined the race in the Avax ETF S1 registration
As per available data, a few other asset managers have already initiated S-1 registration for Avax ETF in March 2025. VanEck has come into the play seeking Nasdaq listing approval via a proposed rule change in April 2025.
In August 2025, it was reported that crypto ETF pioneer GrayScale had initiated S-1 registration to turn its existing Grayscale Avalanche Trust into a spot ETF.
Bitwise S-1 filing came after registering a statutory trust in Delaware, holding AVAX in custody via Coinbase. The decision of the Securities and Exchange Commission is still awaited p0
An overview of AVAX prices
Data from TradingView notes that AVAX/USD is trading above 20-day, 50-day, 100-day, and 200-day exponential moving averages.
On the other hand, its price grew by 38.99% in a month, more than 82% growth has been noted in a quarter, and it is 38% up in the past 52 weeks.
Not only its price but also the market capitalization has reached new heights in the last few sessions, it is worth noting that it grew by 11.40% in a week, 38.52% in a month, and 81.99% in a quarter.
The cap is also trading far above the 20-day, 50-day, 100-day, and 200-day exponential moving averages. Intraday, it has added around $423.96 million.
Avax is currently dominating 0.34% of the wider crypto market, and the dominance has continued its walk towards the positive mark, and very soon it is expected to dominate 0.50% followed by 1.00%.
