| Key Points: – VanEck has submitted an S-1 registration to the SEC for VanEck Avalanche ETF, following its recent Delaware registration. – SEC approval remains uncertain but regulatory attitudes toward crypto ETFs may be shifting. |
VanEck has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed Avalanche exchange-traded fund (ETF).
If approved, the VanEck Avalanche ETF will provide investors with direct exposure to AVAX, the native token of the Avalanche blockchain.
VanEck Avalanche ETF Seeks Approval Following Delaware Application
According to the filing, the VanEck Avalanche ETF will hold AVAX directly and determine its value based on the MarketVector Avalanche Benchmark Rate. The benchmark aggregates pricing data from the five largest cryptocurrency exchanges, as identified by CCData’s exchange benchmark report.
The filing follows VanEck’s recent registration of an Avalanche ETF Trust in Delaware, reinforcing the firm’s push to expand its cryptocurrency investment offerings.
VanEck has been actively exploring various ETF structures. Earlier this year, the firm proposed an ETF focusing on crypto-related companies, including exchanges, mining firms, and payment processors. If approved, that fund would allow investors to gain exposure to the broader crypto industry rather than a single digital asset.
Regulatory Shifts Could Impact Crypto ETF Landscape
Despite these efforts, approval for crypto ETFs in the U.S. remains uncertain due to ongoing regulatory hurdles. The SEC has historically been cautious about digital asset investment products.
However, the recent resignation of SEC Chair Gary Gensler has coincided with an increase in ETF applications, including proposals for Solana, XRP, and other altcoin-based funds. Regulatory attitudes appear to be shifting, with the SEC reversing certain crypto-related policies and forming a task force to assess digital asset regulations.
Institutional Adoption Boosts Avalanche’s Market Presence
The launch of the VanEck Avalanche ETF could be a significant milestone for both VanEck and the Avalanche ecosystem. AVAX recently faced a sharp price decline, dropping to $15, its lowest level since August, following a wider market downturn. However, the token has shown signs of recovery at a price above $18 at the time of writing.
Avalanche has also gained attention for its role in financial markets and digital asset tokenization. Major financial institutions, including JPMorgan and Mastercard, have collaborated with the blockchain on various projects. JPMorgan, in particular, has integrated its Onyx platform with Avalanche’s permissioned Evergreen Subnet.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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