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8 days ago•Latest version

VanEck and Franklin Templeton File for Avalanche, XRP, Solana ETFs; Coinbase as Custodian, Cboe Listing

9 days ago

VanEck Registers Fourth Crypto ETF for Avalanche in Delaware on March 10, Following Bitcoin, Ethereum, Solana

9 days ago

VanEck Registers $SOL and $AVAX ETFs in Delaware on March 10

9 days ago•Original version

VanEck Registers VanEck Avalanche ETF in Delaware on March 10, 2025; Potential Spot $AVAX Filing Imminent

VanEck Registers Fourth Crypto ETF for Avalanche in Delaware on March 10, Following Bitcoin, Ethereum, Solana

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Updated Mar 11, 2025, 04:09 PM

VanEck, a global investment firm, has registered an Avalanche exchange-traded fund (ETF) in Delaware, signaling the potential launch of a spot $AVAX ETF. This move marks VanEck's fourth standalone crypto ETF registration, following its filings for Bitcoin, Ethereum, and Solana ETFs. The registration of the VanEck Avalanche ETF occurred on March 10, amid a broader context of increasing institutional interest in cryptocurrency ETFs. This development comes at a time when the cryptocurrency market is experiencing a downturn, with Avalanche's native token (AVAX) recently trading at around $17.17, down 5.5% over the past 24 hours and 14% over the past week. Avalanche, developed by Ava Labs, is a platform known for its interoperable blockchains and has been considered an 'Ethereum Killer' due to its focus on speed and efficiency. Despite a significant drop in its market value, Avalanche remains a notable player in the crypto space with a market cap of $7 billion, ranking 20th among digital assets. Avalanche has been making strides in tokenization and financial services, with major financial institutions such as JPMorgan and Mastercard actively exploring its potential. The platform's ability to create custom blockchains, offering features like EVM compatibility, network privacy, and customizable gas structures, has attracted these institutional players. VanEck's filing for an Avalanche ETF follows its decision earlier this year to file for a Solana ETF, a move facilitated by a more favorable regulatory environment under the SEC leadership appointed by Donald Trump. The potential approval of the Avalanche ETF could pave the way for broader institutional adoption, allowing investors to gain exposure to AVAX without directly managing the tokens. This comes as rival firms like Grayscale are also taking steps to register crypto-focused ETFs, including a multi-coin fund that includes AVAX.

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