VanEck Files for Avalanche (AVAX) ETF in Delaware

Global investment firm VanEck has registered the VanEck Avalanche ETF in Delaware, according to public records dated March 10.

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 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.

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:

This reaction highlights the ongoing discussion and speculation regarding crypto ETF filings and the priorities of major issuers. While Bitcoin and Ethereum ETFs have gained significant attention and approval from regulators, filings for other cryptocurrencies are still being closely watched.

VanEck’s registration appears to be the first known filing for an Avalanche ETF in the U.S., but it remains to be seen whether the SEC will approve a spot AVAX ETF in the near future.