Global asset management firm VanEck has officially registered an Avalanche (AVAX) Exchange-Traded Fund (ETF) in Delaware, signaling its continued push into cryptocurrency investment products. This move has given a hint about a potential spot AVAX ETF filing in the near future.
According to public records from Delaware’s state website, VanEck filed the “VanEck Avalanche ETF” on March 10, 2025, under registration number 10125689, categorizing it as a trust corporate service company. The filing follows VanEck’s previous registrations for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) ETFs, further cementing its role as a major institutional player in the digital asset space.
The ETF registration comes when the broader crypto market is facing a steep downturn. Avalanche (AVAX) has dropped 55% year-to-date, currently trading around $17.04, while Bitcoin (BTC) has fallen 17% in 2025, reflecting broader market volatility. The timing of VanEck’s move suggests confidence in the long-term viability of Avalanche as a blockchain ecosystem, despite the short-term price declines.
VanEck: A Pioneer in Crypto ETF Expansion
Founded in 1955, VanEck is a global investment management firm known for its innovative approach to exchange-traded funds (ETFs) and alternative investment strategies. The company has brought crypto investment products to traditional financial markets, advocating for broader institutional adoption of digital assets.
VanEck’s first major crypto-related ETF filing was for a Bitcoin ETF in 2018, a proposal that faced multiple delays and rejections from the U.S. Securities and Exchange Commission (SEC) due to regulatory concerns. However, after years of persistence, VanEck successfully launched a Bitcoin futures ETF (XBTF) in 2021 and later introduced a spot Bitcoin ETF in January 2024, following the SEC’s approval of similar products from competitors like BlackRock and Grayscale.
Beyond Bitcoin, VanEck has expanded its crypto ETF portfolio, filing for Ethereum (ETH) and Solana (SOL) ETFs, demonstrating its confidence in alternative blockchain ecosystems beyond Bitcoin. With this registration of an Avalanche ETF in Delaware, VanEck is further solidifying its commitment to offering institutional investors access to diverse blockchain assets.
Avalanche’s Market Performance
Over the years, Avalanche has gained traction in the DeFi and gaming sectors, attracting projects such as Trader Joe (a decentralized exchange) and GameFi initiatives. However, despite its technological strengths, AVAX has struggled to retain its price momentum amid broader crypto market corrections.
In 2024, Avalanche saw an increase in institutional adoption, with firms integrating its blockchain into enterprise solutions. However, AVAX has dropped 55% year-to-date in 2025, mirroring declines across the altcoin market. Factors contributing to this downturn include reduced DeFi activity, macroeconomic uncertainty, and competition from rival Layer 1 and Layer 2 networks like Solana and Ethereum rollups.
Despite the price challenges, Avalanche continues to expand its ecosystem, focusing on scalability solutions, institutional partnerships, and developer-friendly upgrades. VanEck’s decision to register an Avalanche ETF suggests that institutional interest in AVAX remains strong, reinforcing the belief that Avalanche’s high-performance blockchain architecture will play a crucial role in the future of decentralized finance.
Industry Trends and Institutional Interest
VanEck’s registration of an Avalanche ETF continues the growing institutional interest in diversifying crypto investment products. Recently, the industry has witnessed a surge in ETF filings for various cryptocurrencies.
For instance, asset managers have submitted applications for ETFs tied to altcoins such as Litecoin, Dogecoin, Solana, XRP, Polkadot, and HBAR. This influx of filings reflects the industry’s anticipation of a more favorable regulatory environment and a growing appetite among investors for diversified cryptocurrency investment options.
Grayscale alone has filed for ETFs tracking several altcoins, including Polkadot (DOT), XRP, Dogecoin (DOGE), Cardano (ADA), Solana (SOL), and Hedera (HBAR).
Quick Facts:
- VanEck has registered an Avalanche (AVAX) ETF in Delaware, fueling speculation about a potential spot AVAX ETF filing in the near future.
- The filing, made on March 10, 2025, categorizes the ETF as a trust corporate service company under Delaware registration number 10125689.
- VanEck has previously registered ETFs for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), positioning itself as a major player in the crypto ETF space.
- Avalanche (AVAX) has dropped 55% year-to-date, currently trading around $17.04, while Bitcoin (BTC) has fallen 17% in 2025 amid broader market volatility.
