Here is the current state of play for crypto ETFs in the U.S.: Bitcoin (BTC): Spot ETFs were approved in January 2024. Ethereum (ETH): Spot ETFs were approved in July 2024. Altcoins (SOL, XRP, AVAX): While there is significant buzz and some preliminary filings for other assets, no spot ETFs beyond BTC and ETH are currently trading on U.S. exchanges. Staking in ETFs: Even for the approved Ethereum ETFs, the SEC currently does not allow staking within the ETF structure due to liquidity and regulatory concerns. 📈 Why the "Dragon Fly" post is likely speculative: Regulatory Hurdles: The SEC generally requires a highly liquid, regulated futures market for an asset (like the CME) before approving a spot ETF. AVAX doesn't have a U.S. regulated futures market yet. Staking Complexity: Staking involves "locking" assets, which contradicts the redemption requirements of a standard ETF. Official Sources: Neither VanEck’s official press room nor the SEC’s EDGAR database shows an effective filing for a spot AVAX ETF today.
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#MyWeekendTradingPlan 🔍 Fact-Check & Context
Here is the current state of play for crypto ETFs in the U.S.:
Bitcoin (BTC): Spot ETFs were approved in January 2024.
Ethereum (ETH): Spot ETFs were approved in July 2024.
Altcoins (SOL, XRP, AVAX): While there is significant buzz and some preliminary filings for other assets, no spot ETFs beyond BTC and ETH are currently trading on U.S. exchanges.
Staking in ETFs: Even for the approved Ethereum ETFs, the SEC currently does not allow staking within the ETF structure due to liquidity and regulatory concerns.
📈 Why the "Dragon Fly" post is likely speculative:
Regulatory Hurdles: The SEC generally requires a highly liquid, regulated futures market for an asset (like the CME) before approving a spot ETF. AVAX doesn't have a U.S. regulated futures market yet.
Staking Complexity: Staking involves "locking" assets, which contradicts the redemption requirements of a standard ETF.
Official Sources: Neither VanEck’s official press room nor the SEC’s EDGAR database shows an effective filing for a spot AVAX ETF today.