Official registration documents revealed that VanEck has officially registered the VanEck Avalanche exchange-traded fund (ETF) in Delaware. The global ETF and mutual fund manager said the the ETF was designed to track the performance of Avalanche (AVAX).
The company argued that the registration in Delaware on March 10 highlighted the surge in acceptance of digital currencies in the financial space.
VanEck establishes the VanEck Avalanche ETF in Delaware
BREAKING: VanEck just registered for an Avalanche ETF!
This could indicate they may soon file for a spot $AVAX ETF. đź‘€
Major news for team dorito! 🔺 pic.twitter.com/s4KR0qwsTd
— Kyle Willson (@KyleWillson) March 11, 2025
VanEck has announced that it has registered a spot Solana ETF in Delaware. The firm acknowledged that the Avalanche ETF was designed to track the performance of Avalanche (AVAX) that is recognized for its high throughput and low transaction fees.
“This step reinforces growing institutional interest in AVAX and could pave the way for its broader adoption.” – Colony Labs.
The fund manager believes that the registration of the ETF signified a notable advancement in the integration of digital assets into traditional financial markets in 2025. Avalanche and its virtual currency AVAX have previously attracted investors in the crypto space due to its innovative consensus mechanism that provide high transaction speeds and scalability solutions.
VanEck highlighted that the registration of its Avalanche ETF came when regulatory clarity around cryptocurrencies was becoming necessary for the Securities and Exchange Commission (SEC). The SEC has been reviewing proposals for more crypto investment products since the launch of Bitcoin ETFs in January 2024.
The firm said that the Delaware registration suggested that the crypto regulatory landscape may be shifting towards greater acceptance in 2025. The SEC’s Chairman Mark Uyeda showed willingness to consider abandoning proposed regulations that could stall the development of the digital asset industry.
The Avalanche blockchain has been praised for managing around 4,500 transactions per second, which is a viable option for decentralized applications (dApps). VanEck acknowledged that the registration of its Avalanche ETF will drive more development and adoption in institutional investors to the Avalanche ecosystem.
The fund manager acknowledged that the ETF will also provide investors with a regulated and accessible way to gain exposure to the Avalanche blockchain. The firm is confident that more adoption of Avalanche could lead to increased liquidity and stability in the virtual currency market.
Solana (SOL) has continued plummeting in price in the wake of the market sell-off following Trump’s “not that much interesting” crypto reserve plan. SOL’s price is exchanging hands at $123.55 at the time of publication, down over 3% in the past 24 hours. Data from CoinMarketCap also revealed that the cryptocurrency currently has a market cap of $62.91 billion. Solana has dropped from its all-time high of $294.33 on January 19, declining over 60%.
The drop in SOL also coincided with the recent decline in Bitcoin price, which plummeted below $80K and is currently trading at pre-U.S. election levels. VanEck has previously managed several digital asset-related ETFs, including products that track Bitcoin and Ethereum, and is often considered a pioneer in bringing virtual assets closer to institutional investors.
Three VanEck officials resigns amid registration of ETF in Delaware
The crypto community is awaiting further information from VanEck about the company’s plans for the deployment of the Avalanche ETF. They are also waiting to know how VanEck intends to position the Avalanche exchange-traded fund in the competitive crypto space.Â
VanEck said that the success of the Avalanche ETF will depend on AVAX price volatility and the attitudes of the SEC towards crypto ETFs in the near future.
Omer resigned from Avalanche Foundation director and Aytunc Yildizli and Vikram Nagrani also left the company last week. The firm’s executive director Aytnuc Yildizli stepped down from his duties on February 28, 2025, and the board has been looking for a way forward.Â
Omer maintained that his resignation from Avalanche was deliberate and he would continue to focus on the development of the Avalanche ecosystem moving forward. Omer also acknowledged the hard work he had contributed to the crypto ecosystem and community since joining the foundation.
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