VanEck Registers Avalanche ETF Amid Crypto Market Volatility

Generado por agente de IACoin World
martes, 11 de marzo de 2025, 4:47 am ET1 min de lectura

Global investment firm VanEck has registered an Avalanche exchange-traded fund (ETF) in the United States, indicating a potential forthcoming filing for a spot

ETF. The registration, filed on March 10, was made public through records on the official Delaware state website. This new cryptocurrency investment product, named VanEck Avalanche ETF, is registered as a trust corporate service company in Delaware, similar to other crypto ETF filings by VanEck.

The filing comes at a time when the cryptocurrency market is experiencing significant volatility. Avalanche (AVAX) has seen a 55% drop year-to-date, while Bitcoin (BTC) has decreased by around 17% in 2025. This market downturn highlights the challenges and opportunities within the crypto space, as investors seek diversified investment options.

With this new filing, Avalanche becomes the fourth crypto asset to see a standalone ETF registration by VanEck in Delaware, following Bitcoin, Ether (ETH), and Solana (SOL). VanEck has been a pioneer in the crypto ETF market, filing for a spot Solana ETF with the Securities and Exchange Commission (SEC) in June 2024. This move positioned VanEck as one of the first issuers to file for such a product, further solidifying its role as a major player in the crypto ETF landscape.

VanEck's journey in the crypto market began in 2017 when it became the first ETF provider to file for a futures Bitcoin ETF. Since then, the firm has continued to innovate and expand its offerings, becoming one of the leading ETF issuers in the United States. The registration of the Avalanche ETF underscores VanEck's commitment to providing investors with access to a diverse range of cryptocurrency assets.

Avalanche, launched in 2020 by Emin Gün Sirer’s Ava Labs, is a multichain smart contract and decentralized app launch platform designed to rival the speed and scalability of Ethereum. The platform's native utility token, AVAX, reached the top 10 largest crypto assets by market capitalization in 2021. Despite the recent market downturn, AVAX remains a significant player in the crypto space, with a market cap of $7 billion.

The registration of the Avalanche

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