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

World funding agency VanEck registered an Avalanche exchange-traded fund (ETF) in the US, hinting at a forthcoming submitting for a spot AVAX ETF.

VanEck, on March 10, registered a brand new cryptocurrency funding product known as VanEck Avalanche ETF in Delaware, according to public data on the official Delaware state web site.

Much like different crypto ETF filings by VanEck, the potential new product below submitting quantity 10125689 was registered as a belief company service firm in Delaware.

The submitting comes amid a serious market sell-off, with Avalanche (AVAX) dropping 55% year-to-date, whereas Bitcoin (BTC) is down round 17% in 2025, in keeping with CoinGecko.

Fourth standalone crypto ETF registration by VanEck

With the brand new submitting, Avalanche turned the fourth crypto asset to see a standalone ETF registration by VanEck in Delaware, following Bitcoin, Ether (ETH) and Solana (SOL).

As beforehand reported, VanEck filed for a spot Solana ETF with the Securities and Alternate Fee (SEC) in June 2024, turning into one of many first issuers to file for such a product.

VanEck —  among the many first spot Bitcoin ETF issuers within the US in 2024 — has emerged as one of many main ETF gamers within the crypto market, identified for being the primary ETF supplier to file for a futures Bitcoin ETF in 2017.

What different issuers have filed for an Avalanche ETF within the US?

Launched in 2020 by Emin Gün Sirer’s Ava Labs, Avalanche is a multichain sensible contract and decentralized app launch platform that was created to rival the pace and scalability of Ethereum.

Avalanche’s native utility token AVAX made it to the top 10 largest crypto assets by market capitalization in 2021. On the time of writing, the token is the twentieth largest crypto asset with a market cap of $7 billion, according to CoinGecko.

Associated: Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency

Some crypto neighborhood members highlighted that VanEck was shifting ahead with a possible Avalanche ETF earlier than registering an XRP (XRP) ETF.

In an X put up reposted by VanEck digital asset analysis head Matthew Sigel, one commenter wrote:

“VanEck have filed an AVAX ETF earlier than an XRP ETF. Come on then, Matthew Sigel, who's your handler telling you to not file an XRP ETF?”

VanEck’s Avalanche ETF registration seems to be the primary registration for the product within the US.

Beforehand, rival crypto ETF supplier Grayscale filed with the SEC to transform its multi-coin fund, including AVAX and 4 different crypto property, into an ETF in October 2024.

Journal: SEC’s U-turn on crypto leaves key questions unanswered