Avalon Labs announces it will apply to the U.S. SEC for the listing of its first Bitcoin debt fund

According to Cointelegraph, Avalon Labs announced that it is actively exploring the application to the U.S. Securities and Exchange Commission (SEC) for the industry's first Bitcoin collateralized debt instrument exchange-traded fund, in order to promote the compliance and popularization of Bitcoin financial products. This move is expected to lower the threshold for Bitcoin financial products entering the mass market, and provide a new path for the crypto industry towards mainstream financial systems. It is reported that Avalon Labs' co-founder successfully issued a dollar-denominated debt instrument exchange-traded fund approved by SEC in 2021, and has been deeply studying the feasibility of crypto companies issuing listed funds over subsequent years. Avalon Labs stated that they plan to cooperate with top US law firms to evaluate this fund's compliance framework and prepare related application materials. If progressed smoothly, this fund could become an important milestone for Bitcoin financial products entering traditional capital markets, further promoting development of crypto assets within a compliant framework.