Investment management firm VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot Avalanche (AVAX) Exchange-Traded Fund (ETF) on Nasdaq. The move follows a strong bullish trend reported by CNF in March and signals growing institutional interest in Avalanche.
The proposed ETF aims to provide investors with exposure to AVAX without requiring direct ownership of the token. By holding AVAX in trust, the fund would mirror its market performance while offering a regulated investment avenue. This marks VanEck’s fourth crypto ETF filing, following previous attempts for Bitcoin, Ethereum, and Solana.
Breaking: VanEck has officially filed to list an $AVAX ETF on Nasdaq!
— Andres Meneses (@andreswifitv) April 10, 2025
Avalanche could soon join the growing list of crypto ETFs hitting traditional markets. Big step for mainstream adoption.#AVAX #ETF #VanEck
The race to launch an AVAX-backed ETF is heating up. Grayscale has also filed with the SEC to convert its existing AVAX fund into a spot ETF, adding competitive pressure and signaling heightened interest in Avalanche as a blockchain asset. Industry observers note that such ETF approvals could significantly boost liquidity and accessibility for both institutional and retail investors.
Nasdaq has submitted a rule change application to the U.S. SEC to list the VanEck Avalanche (AVAX) spot ETF. The filing comes about a month after VanEck initially proposed the ETF. According to Bloomberg analyst James Seyffart, the market widely expects both AVAX and DOGE spot…
— Wu Blockchain (@WuBlockchain) April 10, 2025
According to Bitget, ETFs tied to AVAX could be a game-changer, potentially driving broader adoption of the Avalanche network and increasing market confidence in its long-term potential.
Still, the current market landscape remains volatile. AVAX, which surged to $41.00 in January, has since declined nearly 56%, trading at approximately $18.45 as of April 11, 2025. While the price has seen modest gains—up 1.19% on the day and 0.76% over the week—the broader crypto market slump continues to weigh on sentiment.
Also Read: VanEck Confirms China and Russia Use Bitcoin for Energy Transactions: A Shift in Global Trade
Analysts suggest that the approval of AVAX ETFs could act as a stabilizing force, encouraging inflows from institutional players. However, much hinges on regulatory decisions and overall market conditions.
As the SEC reviews the filings, all eyes remain on how these ETF developments might influence the future trajectory of Avalanche in a competitive and rapidly evolving crypto landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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