YEREVAN (CoinChapter.com) — Global investment firm VanEck has registered the VanEck Avalanche ETF in Delaware, according to public records dated March 10. The filing, listed under number 10125689, suggests VanEck may be preparing for a spot AVAX ETF in the United States.
This registration comes as Avalanche’s native token AVAX has lost 55% of its value year-to-date, based on data from CoinGecko. Bitcoin (BTC) has also declined 17% in 2025. The ETF filing indicates VanEck’s continued expansion in crypto investment products despite ongoing market volatility.
Avalanche Becomes VanEck’s Fourth Crypto ETF Registration
VanEck has now registered four standalone cryptocurrency ETFs, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX). The firm previously filed for a spot Solana ETF with the Securities and Exchange Commission (SEC) in June 2024.
In 2024, VanEck became one of the first issuers to launch a spot Bitcoin ETF in the U.S. The firm has been active in the crypto ETF sector since filing for a Bitcoin futures ETF in 2017.
Avalanche’s Position in the Crypto Market
Avalanche was created by Emin Gün Sirer’s Ava Labs in 2020 as a multichain smart contract platform. It was developed to enhance Ethereum’s scalability and transaction speeds. In 2021, AVAX ranked among the top 10 largest cryptocurrencies by market capitalization.
Currently, AVAX holds the 20th position, with a market cap of $7 billion, according to CoinGecko. Despite its market presence, no other major issuers have publicly filed for an AVAX ETF in the United States.
In October 2024, Grayscale filed with the SEC to convert a multi-crypto fund, including AVAX, into an ETF. However, no standalone Avalanche ETF was registered before VanEck’s filing.
VanEck’s ETF Registration and Market Reactions
The decision to register an Avalanche ETF before an XRP ETF has led to reactions within the crypto community. In a post on X, reshared by VanEck’s digital asset research head Matthew Sigel, a user commented:
“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?”
This reaction reflects ongoing discussions about crypto ETF filings and issuer priorities. While Bitcoin and Ethereum ETFs have gained attention from regulators, filings for other cryptocurrencies, such as AVAX and XRP, remain under speculation.
VanEck’s registration marks the first known Avalanche ETF filing in the U.S., but SEC approval for a spot AVAX ETF has not been confirmed.
