Global asset manager VanEck has officially submitted a filing with the U.S. Securities and Exchange Commission (SEC) for an Avalanche (AVAX) ETF.
Details of the Filing
A snippet of the S-1 filing was first shared by Bloomberg analyst James Seyffart on March 14. VanEck’s filing indicates that the proposed Avalanche ETF will track the price performance of AVAX, less operational expenses, and intends to hold physical AVAX tokens, valuing them based on the MarketVector Avalanche Benchmark Rate. Seyffart noted that while rumors of the ETF had been circulating in recent days, this marks the first formal submission to the SEC. If approved, the Avalanche ETF would be a significant addition to the growing landscape of regulated crypto investment products.
Surge in Altcoin ETF Filings
VanEck’s move comes as part of a broader wave of crypto ETF applications. Following the success of spot Bitcoin ETFs and the shifting regulatory climate in Washington, several issuers, including Franklin Templeton, BlackRock, and Fidelity, have submitted filings for XRP ETFs. Meanwhile, applications for Solana, Litecoin, and Dogecoin ETFs are also under SEC review. Although the SEC has delayed its decisions on these products, Bloomberg’s Seyffart and Eric Balchunas estimate a strong chance of approval later this year, citing political shifts and increasing institutional interest.
Potential Inflows for Altcoin ETFs
A January JPMorgan report highlighted that the approval of altcoin ETFs could unleash billions of dollars in investment. The bank predicts that Solana ETFs could attract $3 billion–$6 billion, while XRP ETFs may see $4 billion–$8 billion in inflows. If these forecasts hold, Ethereum competitors like Avalanche could also see substantial demand. However, regulatory uncertainty remains a major hurdle, and the SEC’s final decision on altcoin ETFs—including VanEck’s Avalanche fund—will be closely watched by the crypto industry.
VanEck’s filing for an Avalanche ETF highlights the active development of the cryptocurrency fund industry. The SEC’s decision is expected to be a significant milestone in attracting institutional investments to digital assets.
