VanEck, the global investment juggernaut, has just dropped a bombshell in the crypto world by registering an Avalanche ETF in the United States. This move hints at the tantalizing possibility of a spot AVAX ETF on the horizon. The registration, which took place on March 10 in Delaware, is already causing ripples across the crypto community.
This isn’t VanEck’s first rodeo with crypto ETFs. The firm has been a trailblazer, previously registering standalone ETFs for Bitcoin, Ether, and Solana. Now, Avalanche joins this elite club, marking VanEck’s fourth standalone crypto ETF registration in Delaware. The filing number 10125689 is now etched in the annals of crypto history.
But why Avalanche, and why now? The timing is intriguing. As the market experiences a significant sell-off, with AVAX plummeting 55% year-to-date and Bitcoin down about 17% in 2025, VanEck’s move could be seen as a bold bet on a rebound. It’s a classic case of buying the dip, and VanEck seems to be playing the long game.
Avalanche, launched by Emin Gün Sirer’s Ava Labs in 2020, is a multichain smart contract platform designed to rival Ethereum’s speed and scalability. Its native token, AVAX, once soared into the top 10 largest crypto assets by market cap in 2021. Although it now ranks as the 20th largest, with a market cap of $7 billion according to CoinGecko, its potential remains undeniable.
VanEck’s reputation as a pioneer in the crypto ETF space is well-earned. They were among the first to file for a spot Bitcoin ETF in the US in 2024 and even ventured into futures Bitcoin ETFs back in 2017. Their latest move with Avalanche is yet another testament to their forward-thinking strategy.
Interestingly, some crypto enthusiasts have noted that VanEck chose to pursue an AVAX ETF before considering an XRP ETF. This decision has sparked debates within the community about strategic priorities and market potential.
While VanEck’s Avalanche ETF registration is groundbreaking, it’s not without competition. Grayscale, another major player in the crypto ETF arena, has also been eyeing the conversion of its multi-coin fund, which includes AVAX, into an ETF since October 2024.
As the dust settles and the crypto market continues its rollercoaster ride, all eyes are on VanEck. Will they succeed in launching a spot AVAX ETF? Only time will tell, but one thing’s for sure: VanEck is not afraid to push boundaries and explore new frontiers in the ever-evolving world of cryptocurrency.
