Bitcoin ETF

ETF COIN

Avalanche

Global investment firm VanEck registered an Avalanche exchange-traded fund (ETF) in the United States, hinting at a forthcoming filing for a spot AVAX ETF.
VanEck, on March 10, registered a new cryptocurrency investment product called VanEck Avalanche ETF in Delaware,&nbsp;<a href="https://icis.corp.delaware.gov/eCorp/EntitySearch/NameSearch.aspx" rel="noopener noreferrer nofollow" target="null">according</a>&nbsp;to public records on the official Delaware state website.
Similar to other crypto ETF filings by VanEck, the potential new product under filing number 10125689 was registered as a trust corporate service company in Delaware.
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 <img src="https://s3.cointelegraph.com/uploads/2025-03/01958432-8f87-7f5d-86d2-f598d9346028" title="" alt="VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date">
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 VanEck Avalanche ETF registration in Delaware. Source: Delaware.gov
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The filing comes amid a major market sell-off, with Avalanche (<a href="https://cointelegraph.com/avalanche-price-index" rel="noopener noreferrer nofollow" target="null">AVAX</a>) dropping 55% year-to-date, while Bitcoin (<a rel="noopener noreferrer nofollow" target="null">BTC</a>) is down around 17% in 2025, according to CoinGecko.
<h2 id="fourth-standalone-crypto-etf-registration-by-vaneck">Fourth standalone crypto ETF registration by VanEck</h2>
With the new filing, Avalanche became the fourth crypto asset to see a standalone ETF registration by VanEck in Delaware, following Bitcoin, Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null">ETH</a>) and Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow" target="null">SOL</a>).
As previously reported, <a href="https://cointelegraph.com/news/vaneck-solana-etf-filing-united-states" rel="noopener noreferrer nofollow" target="null">VanEck filed for a spot Solana ETF</a> with the Securities and Exchange Commission (SEC) in June 2024, becoming one of the first issuers to file for such a product.
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 <img src="https://s3.cointelegraph.com/uploads/2025-03/01958432-93ec-71af-b020-958e61290ae8" title="" alt="VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/NateGeraci/status/1806319756590641609" rel="noopener noreferrer nofollow" target="null">Nate Geraci</a>
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VanEck —&nbsp; among the <a href="https://cointelegraph.com/news/bitcoin-spot-etf-volumes-break-records-blackrock-fidelity-grayscale" rel="noopener noreferrer nofollow" target="null">first spot Bitcoin ETF issuers</a> in the US in 2024 — has emerged as one of the major ETF players in the crypto market, known for being the first ETF provider to <a href="https://www.reuters.com/article/us-bitcoin-etf-idUSKBN1E51O4/" rel="noopener noreferrer nofollow" target="null">file</a> for a futures Bitcoin ETF in 2017.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-03/01958432-97bf-72d5-bdc0-b9d4f601f38a" title="" alt="VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date">
 <figcaption style="text-align: center;">
 An excerpt from VanEck’s journey with crypto since 2017. Source: VanEck
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<h2 id="what-other-issuers-have-filed-for-an-avalanche-etf-in-the-us">What other issuers have filed for an Avalanche ETF in the US?</h2>
<a href="https://cointelegraph.com/news/what-is-avalanche-network-avax-and-how-does-it-work" rel="noopener noreferrer nofollow" target="null">Launched in 2020 by Emin Gün Sirer’s Ava Labs</a>, Avalanche is a multichain smart contract and decentralized app launch platform that was created to rival the speed and scalability of Ethereum.
Avalanche’s native utility token AVAX made it to the <a href="https://cointelegraph.com/news/avalanche-pushes-out-dogecoin-from-top-10-after-avax-price-soars-100-in-november" rel="noopener noreferrer nofollow" target="null">top 10 largest crypto assets</a> by market capitalization in 2021. At the time of writing, the token is the 20th largest crypto asset with a market cap of $7 billion, <a href="https://www.coingecko.com/en/coins/avalanche" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinGecko.
Related: <a href="https://cointelegraph.com/news/bitwise-files-list-spot-aptos-etf-with-sec" rel="noopener noreferrer nofollow" target="null">Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency</a>
Some crypto community members highlighted that VanEck was moving forward with a potential Avalanche ETF before registering an XRP (<a href="/xrp-price-index" rel="noopener noreferrer" target="null">XRP</a>) ETF.
In an X post reposted by VanEck digital asset research head Matthew Sigel, one commenter wrote:
“VanEck have filed an AVAX ETF before an XRP ETF. Come on then, Matthew Sigel, who is your handler telling you not to file an XRP ETF?”
<figure>
 <img alt="Delaware, SEC, ETF, Companies, Policy" src="https://s3.cointelegraph.com/uploads/2025-03/01958449-18e8-728d-bfcd-bc1c95caa478" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/_CryptoArsenal/status/1899365377915691239" rel="noopener noreferrer nofollow" target="_blank">Matthew Sigel</a>
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VanEck’s Avalanche ETF registration appears to be the first registration for the product in the US.
Previously, rival crypto ETF provider Grayscale filed with the SEC to convert its&nbsp;<a href="https://cointelegraph.com/news/grayscale-seeks-conversion-multi-crypto-fund-to-etf" rel="noopener noreferrer nofollow" target="_self">multi-coin fund, including AVAX</a>&nbsp;and four other crypto assets, into an ETF in October 2024.
 Magazine: <a href="https://cointelegraph.com/magazine/sec-crypto-laws-unclear/" rel="noopener noreferrer nofollow" target="null">SEC’s U-turn on crypto leaves key questions unanswered</a>

VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date

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