The global investment firm VanEck has registered a new ETF for Avalanche in Delaware amidst a significant decline in the AVAX token's value.
VanEck's New ETF
VanEck officially filed for a new investment product named 'VanEck Avalanche ETF' in Delaware on March 10, 2025. This filing was made under number 10125689 and formalized as a trust services company, akin to VanEck’s other crypto ETFs. This step comes amid a challenging environment for Avalanche, whose AVAX token has depreciated by 55% since the start of the year.
Development of Crypto ETFs
With this new registration, Avalanche becomes the fourth crypto asset for which VanEck is preparing a dedicated ETF in the U.S., alongside Bitcoin, Ethereum, and Solana. VanEck has positioned itself as a pioneer in crypto ETF development, receiving approval for a spot Bitcoin ETF in 2024. The company has also applied for a Solana-based ETF with the SEC in June 2024.
Avalanche Prospects
Despite AVAX's recent performance slump, the ETF registration signals VanEck’s confidence in Avalanche's long-term potential. Launched by Ava Labs led by Professor Emin Gün Sirer in 2020, Avalanche is a leading blockchain platform designed to compete with Ethereum. AVAX is currently ranked 20th in the cryptocurrency market cap with a total value of approximately $7 billion.
VanEck’s move to register an Avalanche ETF represents an important strategic bet in the crypto investment landscape, despite AVAX’s poor performance in 2025. If approved by the SEC, this new ETF would send a strong signal to the entire digital asset ecosystem.
