55% AVAX Drop: VanEck Files for Avalanche ETF Despite AVAX Price Crash

VanEck, a prominent global investment firm, has taken a notable step toward expanding its cryptocurrency investment offerings by filing for an exchange-traded fund (ETF) that will track the price of Avalanche’s AVAX coin. The filing, submitted on March 14, 2025, outlines the structure and objectives of the VanEck Avalanche ETF, which will issue common shares of beneficial interest expected to be listed on an exchange under a ticker symbol yet to be determined.

This move aligns with VanEck’s strategy to broaden its cryptocurrency ETF portfolio, which includes previous filings for Bitcoin, Ethereum, and Solana ETFs. Notably, in June 2024, VanEck filed for a spot in Solana ETF with the U.S. Securities and Exchange Commission (SEC), marking the first U.S.-based Solana ETF filing. 

AVAX Struggles Amid ETF Filing

VanEck’s latest move comes at a time when the Avalanche (AVAX) token has faced a significant downturn, losing 55% of its value year-to-date. While Bitcoin has also experienced a decline of around 17% in 2025, AVAX has been hit particularly hard amid broader market volatility.

Despite these challenges, VanEck appears confident in Avalanche’s long-term potential. The blockchain, launched in 2020 by Ava Labs, aims to compete with Ethereum by offering faster transactions and greater scalability, making it a key contender in the decentralised application (dApp) space.

55% AVAX Drop: VanEck Files for Avalanche ETF Despite AVAX Price Crash

VanEck, a prominent global investment firm, has taken a notable step toward expanding its cryptocurrency investment offerings by filing for an exchange-traded fund (ETF) that will track the price of Avalanche’s AVAX coin. The filing, submitted on March 14, 2025, outlines the structure and objectives of the VanEck Avalanche ETF, which will issue common shares of beneficial interest expected to be listed on an exchange under a ticker symbol yet to be determined.

This move aligns with VanEck’s strategy to broaden its cryptocurrency ETF portfolio, which includes previous filings for Bitcoin, Ethereum, and Solana ETFs. Notably, in June 2024, VanEck filed for a spot in Solana ETF with the U.S. Securities and Exchange Commission (SEC), marking the first U.S.-based Solana ETF filing. 

AVAX Struggles Amid ETF Filing

VanEck’s latest move comes at a time when the Avalanche (AVAX) token has faced a significant downturn, losing 55% of its value year-to-date. While Bitcoin has also experienced a decline of around 17% in 2025, AVAX has been hit particularly hard amid broader market volatility.

Despite these challenges, VanEck appears confident in Avalanche’s long-term potential. The blockchain, launched in 2020 by Ava Labs, aims to compete with Ethereum by offering faster transactions and greater scalability, making it a key contender in the decentralised application (dApp) space.

VanEck Avalanche ETF registration in Delaware. Source: Delaware.gov

VanEck’s Expanding Crypto ETF Portfolio

VanEck has been a pioneer in the crypto ETF space, first filing for a Bitcoin futures ETF in 2017. The firm was also one of the first issuers of a spot Bitcoin ETF in early 2024 and has since expanded its focus to other major cryptocurrencies, including Ethereum and Solana.

The Avalanche ETF registration marks VanEck’s fourth standalone crypto ETF filing, potentially opening new investment opportunities for institutional and retail investors alike. Notably, some crypto community members have pointed out that VanEck is prioritizing AVAX over XRP, fueling speculation about its selection strategy.

What’s Next for the Avalanche ETF?

While VanEck’s Delaware registration signals strong interest in an Avalanche ETF, a formal SEC filing will be the next crucial step. The firm’s track record suggests it could move forward with a regulatory submission soon, though approval remains uncertain. Meanwhile, the AVAX token continues to navigate market challenges, with investors watching closely to see if a potential ETF could spark renewed interest and price recovery.

However, it’s important to note that the approval and launch of these ETFs are subject to regulatory review and approval by the SEC. The regulatory landscape for cryptocurrency ETFs has been evolving, with recent approvals for Bitcoin and Ethereum ETFs setting precedents. However, products linked to other cryptocurrencies like Solana and Avalanche, are still under consideration.

Investors and industry observers are closely monitoring these developments, as the introduction of such ETFs could provide more accessible and regulated avenues for investment in the cryptocurrency space.