Vaneck刚刚注册了雪崩（Avax）现场ETF，成为最早铺平道路的发行人之一

全球投资公司Vaneck刚刚在特拉华州注册了交易所交易基金（ETF）雪崩，成为最早的发行人之一

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.

全球投资公司Vaneck刚刚在特拉华州注册了一个名为“雪崩”的交易所交易基金（ETF），使其成为最早为现场A​​vax ETF奠定基础的发行人之一。这项举措是在雪崩代币急剧下降的背景下自相矛盾的，自2025年1月以来，该计划的价值损失了一半以上。

VanEck positions itself on Avalanche despite the market downturn

尽管市场低迷，但Vaneck仍在雪崩中定位

尽管市场低迷，但Vaneck仍在雪崩中定位

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.

根据该州政府网站上的公共文件，投资公司Vaneck已在特拉华州正式注册了一项名为“ Vaneck Avalanche ETF”的新投资产品。

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.

该文件以10125689的数字制成，已被正式作为信托服务公司正式化，遵循与Vaneck先前的加密ETF相同的法律结构。

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.

这项倡议是在雪崩特别不利的环境中，自年初以来，其本地代币Avax的价格贬值了55％。

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.

根据Coingecko的数据，这种性能与比特币的表现形成鲜明对比，比特币在同一时期下降了17％。在撰写本文时，目前，Avax的交易量约为17.61美元，其历史高处显着下降。

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.

但是，雪崩的专用ETF的注册表明，尽管当前的波动性，但Vaneck对该资产的长期潜力的信心。在未来几个月内，第一步可能会向美国证券交易委员会（SEC）提出正式申请，尽管公司尚未传达任何具体日期。

A fourth crypto asset in VanEck’s ETF strategy

Vaneck ETF策略中的第四个加密资产

Vaneck ETF策略中的第四个加密资产

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.

有了这一新的注册，雪崩成为Vaneck为美国准备专门的ETF的第四个加密资产，之后是比特币，以太坊和索拉纳。该策略证实了Vaneck作为加密ETF发展的先驱之一。

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.

让我们记住，该公司是2024年1月获得现货比特币ETF批准的发行人之一，并且已经在2024年6月向SEC提出了向SOLANA的ETF请求。

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.

Avalanche由Ava Labs团队于2020年由Ava Labs团队启动，由EminGünIrer教授领导，是一个领先的区块链平台，旨在在多层体系结构中为高速且可扩展的分散化应用程序和智能合约。

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.

目前，在2025年3月12日（星期四）00:08（GMT）的市值排名前20的加密货币中，代币的价格为17.61美元，总价值为70亿美元。

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.

迄今为止，Vaneck似乎是第一个专门注册美国ETF的发行人。但是，其竞争对手灰度已经在2024年10月对该资产表示兴趣，并向SEC提出了将其多货币基金（包括Avax和其他四个加密货币）转换为ETF的请求。

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.

Vaneck注册Avalanche ETF的倡议是加密货币投资景观的重大战略举措。尽管Avax在2025年的表现不佳，但此步骤是加密市场制度化的更广泛趋势的一部分，特朗普政府的亲克赖特（Crypto）方法和政府对新技术投资的立场正在加速。

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.

如果SEC在接下来的几个月中批准Vaneck的这一新ETF，那将是整个比特币和以太坊的整个数字资产生态系统的强烈信号。