VanEck Seeks AVAX ETF, but Token Price Slips

Global concern institution VanEck has made a large determination successful the cryptocurrency concern scenery by filing an exchange-traded money (ETF) dedicated to Avalanche (AVAX) successful the United States.

VanEck filed the “VanEck Avalanche ETF” connected March 10, 2025, successful Delaware nether filing fig 10125689 arsenic a spot firm work company. The filing is accordant with VanEck’s earlier crypto ETF filings, indicating a strategical determination to grow its cryptocurrency concern products.

Through this registration, Avalanche is present the 4th cryptocurrency for which VanEck has submitted a stand-alone ETF successful the U.S., aft Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

In June 2024, VanEck filed for a spot Solana ETF with the Securities and Exchange Commission (SEC), positioning itself among the pioneers successful offering specified products. 

Initiated successful 2020 by Ava Labs nether the enactment of Emin Gün Sirer, Avalanche is simply a scalable astute contracts and decentralized applications (dApps) platform, competing with Ethereum. On coingecko, AVAX deed the apical 10 marketplace headdress successful 2021 but presently stands astatine 20th spot with a $7 cardinal valuation.

AVAX Price Chart, Source: CoinGecko

The timing of VanEck’s filing is during a hard clip for the crypto space. AVAX has fallen 55% successful 2025 and continues to fall, dropping astir 5% implicit the past 24 hours to $16.78.

VanEck’s prime to absorption connected an Avalanche ETF up of 1 for XRP has been a root of statement wrong the crypto community. Some had expected an XRP ETF to beryllium filed first, and debates person ensued arsenic to what mightiness beryllium driving VanEck’s strategical decisions.

VanEck is not the lone 1 chasing crypto ETFs. In October 2024, Grayscale, a starring crypto concern company, submitted to the SEC plans to crook its multi-coin fund—containing AVAX and 4 different integer assets—into an ETF.

ETF registration for idiosyncratic integer assets specified arsenic Avalanche marks a burgeoning cryptocurrency space. Should the SEC o.k. it, a spot AVAX ETF would gully organization investors in, bolstering liquidity and vulnerability for Avalanche.

Also Read: LFJ Trading Terminal Launches Limit Orders for AVAX