VanEck Registers Avalanche ETF, Sparking 120% User Surge

VanEck, a prominent asset management company, has taken a significant step towards the mainstream acceptance of cryptocurrency by registering an Avalanche (AVAX) Exchange-Traded Fund (ETF) in Delaware. This move signals growing institutional interest in digital assets, as it suggests that a spot AVAX ETF submission to the U.S. Securities and Exchange Commission (SEC) could occur within the next few months. Avalanche's blockchain solution, known for its high scalability and low transaction fees, has attracted institutions seeking efficient and cost-effective blockchain technology.

The official registration of the Avalanche ETF marks a pivotal moment in the institutional adoption of cryptocurrency. VanEck, which has been active in the cryptocurrency market by offering Bitcoin and Ethereum-based ETFs, has expanded its portfolio to include Avalanche. This move underscores VanEck's belief in the future dominance of decentralized finance (DeFi) and its commitment to integrating blockchain technology with institutional financial solutions. Following the Avalanche ETF registration, VanEck filed an application for a Solana ETF, demonstrating its intent to target emerging blockchain networks.

The decision to register the Avalanche ETF in Delaware is strategically significant, given the recent regulatory developments. The SEC's approval of Bitcoin and Ethereum ETFs has eased its vigilance toward cryptocurrency ETFs, paving the way for new blockchain-based investment products. The spot AVAX ETF application process at VanEck could establish Avalanche as a prominent investable asset, attracting more institutions to the crypto market.

The registration of the Avalanche ETF has sparked optimism in the AVAX market, with investors purchasing the cryptocurrency after it dropped below $15, pushing its price above $17. The approval announcement triggered a significant increase in trading volumes, reflecting investors' confidence in the ETF registration. The Avalanche blockchain has seen a surge in new users, with a 120% increase in Q1 2025, peaking at 45,000 new participants in March. This surge in user activity and price expectations indicates growing bullishness among traders and investors, who anticipate further value growth as the ETF's approval process continues.

However, the ETF registration does not guarantee stable prices for AVAX. Market participants are closely monitoring VanEck, anticipating the company's submission of a spot AVAX ETF filing to the SEC