VanEck Files for AVAX ETF in Delaware
Investment firm VanEck has filed for the launch of an Avalanche (AVAX)-based exchange-traded fund (ETF) in the state of Delaware. This could be a significant step toward institutional recognition of AVAX and attract more investors to the cryptocurrency’s ecosystem.
If approved, the ETF will provide traditional investors with a convenient way to invest in AVAX through regulated exchange mechanisms, potentially increasing liquidity and trust in the asset.
BlackRock CEO Larry Fink Predicts Rising Inflation in the US
BlackRock CEO Larry Fink has stated that over the next 6–9 months, inflation in the US will continue to rise, largely due to President Donald Trump’s policies. According to him, protectionist measures, including tariff hikes, will lead to higher import costs, impacting consumers and exacerbating inflationary pressure.
Trump Raises Tariffs on Steel and Aluminum from Canada
US President Donald Trump has announced a tariff increase on steel and aluminum imports from Canada to 50%, effective March 12. This decision is part of the new US trade policy aimed at protecting the domestic market.
However, experts fear that this move will provoke retaliatory measures from Canada and further escalate trade conflicts between the two countries.
US Stock Market Loses $4 Trillion Due to Trade War
US financial markets have already responded to trade disputes, with the stock market losing $4 trillion in capitalization. Billionaires who support Trump have suffered losses totaling $209 billion.
Such a significant market downturn raises concerns among investors, especially amid macroeconomic instability and rising interest rates.
Cynthia Lummis to Reintroduce Strategic Bitcoin Reserve Bill
Senator Cynthia Lummis plans to reintroduce a bill proposing the creation of a strategic Bitcoin reserve, which includes the US purchasing 1 million BTC. If passed, the US could become the largest Bitcoin holder in the world.
This initiative aims to strengthen the country’s financial independence and diversify its reserves, which is particularly relevant given economic uncertainty and rising inflation.
Coinbase Secures License to Operate in India
The largest US cryptocurrency exchange, Coinbase, has officially obtained a license to operate in India. This is a significant development, considering the Indian government’s strict stance on cryptocurrencies.
Indian users will now be able to legally buy, sell, and store cryptocurrencies through Coinbase, which could drive growth in the country’s crypto market and attract new investors.
Recent events confirm that the cryptocurrency market continues to develop amid global economic upheavals. VanEck is looking to launch an AVAX ETF, which could expand institutional investment in cryptocurrencies. Meanwhile, inflation in the US remains a serious issue, exacerbated by trade wars and Trump’s protectionist policies.
Cynthia Lummis continues to push for a strategic Bitcoin reserve, which could shift the balance of power in the crypto market. At the same time, Coinbase is expanding its global presence by obtaining a license in India.
The coming months will be crucial for both the crypto industry and the global economy, with the crypto community eagerly anticipating further developments.
