VanEck Files for Avalanche (AVAX) ETF in the U.S.

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VanEck’s Latest Bid to Make AVAX Cool and Compliant

Story Highlights

  • VanEck files for Avalanche (AVAX) ETF with SEC approval still pending (cue dramatic music).
  • The proposed AVAX ETF lets you own tokens directly without the hassle of derivatives (because who needs them, right?).
  • AVAX is in the top 20 cryptos with a $7.72 billion market cap, which is pretty impressive if you ask us.

So, VanEck has decided that the world needs an Avalanche (AVAX) exchange-traded fund (ETF) in the U.S. (because what the world *really* needed was more crypto, right?). The filing, submitted on March 14, is a bold attempt to give investors direct access to AVAX tokens without the pain of using derivatives. The fund will follow the AVAX price like a well-behaved puppy (after operational expenses, of course).

Unlike those pesky derivatives-based crypto ETFs, this one is as passive as a sloth on a Sunday. It’ll hold the AVAX tokens in top-secret, third-party storage facilities, where they’ll remain safe until the price goes up (or down, depending on market mood). The daily share prices will be based on some mysterious exchange benchmark rates – because why wouldn’t you trust that?

VanEck also intends to issue ETF shares via something called “Baskets” (we’re not entirely sure what’s in them, but it sounds nice). Only authorized participants get to play with these, and they can execute transactions in cash or through in-kind transfers. The ETF will be ticked with “AVAX,” but for now, we’re all in suspense about which exchange platform will host it. But first, it needs the green light from the SEC, so no rush.

Could VanEck’s AVAX ETF Spark an Institutional Frenzy? (Probably Not, But One Can Dream)

James Seyffart, a very serious analyst at Bloomberg, pointed out that this filing is officially debuting with the SEC (as if that’s the *big* thing). He also mentioned that there’s been interest in trust registration even before this week. Apparently, financial institutions are just *dying* to get their hands on new crypto ETFs like Solana, XRP, Dogecoin, and Litecoin. The SEC has already blessed spot Bitcoin ETFs in January 2024 and Ethereum ETFs in July 2025, so they’re really making their way through the crypto alphabet.

AVAX, with its market value of $7.6 billion, is sitting comfortably in the top 20 cryptos as of March 2025. If this ETF works out, we might see more institutional cash flooding in, which would certainly help Avalanche’s ecosystem. Thanks to its impressive smart contract capabilities, AVAX might just become the blockchain superstar it was always meant to be (or not, who knows?).

The SEC is expected to take a leisurely 45 to 90 days to review this filing. And because it’s crypto-related, it will probably take even longer. So, for now, we wait, we watch, and we wonder what the SEC will do next in this thrilling saga of financial regulatory drama.

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2025-03-17 08:48