VanEck Just Registered an Avalanche (AVAX) Spot ETF, Becoming One of the First Issuers to Pave the Way

The global investment firm VanEck has just registered an exchange-traded fund (ETF) Avalanche in the state of Delaware, becoming one of the first issuers

Global investment firm VanEck has just registered an exchange-traded fund (ETF) named ‘Avalanche’ in the state of Delaware, making it one of the first issuers to set the stage for a spot AVAX ETF. This initiative comes paradoxically in a context of a sharp decline in the Avalanche token, which has lost more than half of its value since January 2025.

VanEck positions itself on Avalanche despite the market downturn

Investment firm VanEck has officially registered a new investment product named ‘VanEck Avalanche ETF’ in Delaware on March 10, 2025, according to public documents available on the government website of this U.S. state.

This filing, made under number 10125689, has been formalized as a trust services company, following the same legal structure as VanEck’s previous crypto ETFs.

This initiative comes in a particularly unfavorable environment for Avalanche, whose native token AVAX has seen its price depreciate by 55% since the beginning of the year.

This performance contrasts sharply with that of Bitcoin, which has only declined by 17% over the same period, according to data from CoinGecko. At the time of writing, AVAX is currently being traded around $17.61, a significant decline from its historic highs.

However, the registration of a dedicated ETF for Avalanche demonstrates VanEck’s confidence in the long-term potential of this asset despite its current volatility. This first administrative step could signal a formal filing with the Securities and Exchange Commission (SEC) in the coming months, although no specific date has yet been communicated by the company.

A fourth crypto asset in VanEck’s ETF strategy

With this new registration, Avalanche becomes the fourth crypto asset for which VanEck is preparing a dedicated ETF in the United States, after Bitcoin, Ethereum, and Solana. This strategy confirms VanEck’s position as one of the pioneers in the development of crypto ETFs.

Let us remember that the company was among the first issuers to obtain approval for a spot Bitcoin ETF in January 2024, and that it had already filed a request for an ETF for Solana with the SEC in June 2024.

Launched in 2020 by the Ava Labs team, headed by Professor Emin Gün Sirer, Avalanche is a leading blockchain platform designed for high-speed and scalable decentralized applications and smart contracts in a multichain architecture.

Currently, among the top 20 cryptocurrencies by market capitalization, on Thursday, March 12, 2025, at 00:08 (GMT), the price of the token is $17.61, with a total value of $7 billion.

To date, it seems that VanEck is the first issuer to specifically register an ETF dedicated to Avalanche in the United States. However, its competitor Grayscale had already expressed interest in this asset in October 2024, filing with the SEC a request to convert its multi-currency fund — including AVAX and four other cryptos — into an ETF.

VanEck’s initiative to register an Avalanche ETF is a significant strategic move in the landscape of cryptocurrency investments. Despite AVAX’s poor performance in 2025, this step is part of a broader trend of institutionalization of the crypto market, which is being accelerated by the pro-crypto approach of the Trump administration and the administration’s stance on investing in new technologies.

If the SEC were to approve this new ETF from VanEck in the coming months, it would be a strong signal for the entire digital asset ecosystem beyond Bitcoin and Ethereum.