VanEck, a global investment firm, has registered an Avalanche ETF in Delaware

VanEck, a global investment firm, has registered an Avalanche exchange-traded fund (ETF) in the United States. This suggests that the company may soon file for a spot AVAX ETF.

On March 10, 2025, VanEck registered the "VanEck Avalanche ETF" in Delaware.

Like other crypto ETF filings by VanEck, this product was registered as a trust corporate service company in Delaware under the filing number 10125689.

VanEck’s Fourth Crypto ETF

Avalanche is now the fourth crypto asset for which VanEck has registered a standalone ETF in Delaware.

The others are Bitcoin, Ethereum (ETH), and Solana (SOL). In June 2024, VanEck filed for a spot Solana ETF with the U.S. Securities and Exchange Commission (SEC).

VanEck has a history of leading crypto ETF filings. It was one of the first issuers of a spot Bitcoin ETF in the U.S. in 2024 and had earlier filed for a futures Bitcoin ETF in 2017.

Other Avalanche ETF Filings

Avalanche, launched in 2020 by Ava Labs, is a blockchain platform designed to compete with Ethereum in speed and scalability.

Its AVAX token was once among the top 10 cryptocurrencies by market capitalization. As of now, it is the 16^th largest, with a market cap of $7.295 billion.

VanEck appears to be the first to register an Avalanche ETF in the U.S. Previously, in October 2024, Grayscale filed with the SEC to convert a multi-crypto fund—including AVAX—into an ETF.

Some in the crypto community have questioned why VanEck registered an AVAX ETF before an XRP ETF. This discussion gained attention after a comment was reposted by Matthew Sigel, VanEck’s digital asset research head.