VanEck Has Officially Filed for an Avalanche ETF in the U.S., While AVAX Continues Its 55% Decline This Year

By Matthew Sigel. VanEck, a global investment giant, has registered an Avalanche ETF in the U.S., suggesting that a future spot AVAX ETF filing could be imminent.

VanEck, a global investment company, has registered an Avalanche ETF in the U.S., hinting at a future spot AVAX ETF filing.

A new report by Law360 reveals that VanEck registered the VanEck Avalanche ETF, a crypto investment product, on March 10.

The company registered the new product in Delaware as a trust corporate service company, aligning it with its previous crypto ETF filings.

This registration makes Avalanche the fourth crypto asset to have a standalone ETF registered in Delaware, following Bitcoin, Ether, and Solana.

The report adds that VanEck applied for a spot Solana ETF with the Securities and Exchange Commission (SEC) in June, positioning it among the first issuers to introduce such a product.

After becoming one of the early issuers of a spot Bitcoin ETF in the U.S. earlier this year, VanEck continues to be a major force in the crypto ETF industry. The company originally set the stage with the first Bitcoin futures ETF filing in 2017.

Ava Labs developed Avalanche and launched it in 2020 as a decentralized platform for smart contracts and applications, aiming to challenge Ethereum’s scalability and transaction efficiency.

In 2021, Avalanche’s native token, AVAX, climbed into the top 10 largest cryptocurrencies by market capitalization.

CoinGecko ranks AVAX as the 20th largest cryptocurrency by market cap, which currently stands at $7 billion.

Some in the crypto community have noted that VanEck chose to pursue an Avalanche ETF first rather than an XRP ETF.

A commenter on X, whose post VanEck’s digital asset research chief Matthew Sigel had shared, stated: “VanEck have filed an AVAX ETF before an XRP ETF. Come on then, who is your handler telling you not to file an XRP ETF?”

suggesting that it is the first to register an Avalanche ETF in the U.S.

Grayscale, a competitor in the crypto ETF industry, moved to reclassify its multi-asset fund—including AVAX and four other cryptocurrencies—as an ETF by filing with the SEC in October.

Meanwhile, policy changes introduced after Donald Trump’s re-election are shifting the cryptocurrency market.

President Trump’s administration has taken a positive stance on cryptocurrency adoption. Authorities are using seized assets from legal proceedings to build a Bitcoin reserve after Trump signed a key executive order.

This decision aims to advance the U.S.’s position in the crypto industry without relying on additional taxpayer funding.

After news of the strategic reserve broke, Bitcoin’s value dropped by more than 5%, falling below $82,000 amid a mixed market reaction.

VanEck’s Avalanche ETF application reflects shifting trends in the cryptocurrency sector as President Trump continues to back pro-crypto policies.

In a late December report by VanEck, the firm stated that the United States government could greatly benefit if it invests in Bitcoin.

The firm stated that if the government buys 1 million BTC by 2049, this could greatly offset a huge chunk of the national debt contingent on the bitcoin stash growing in value significantly.