VanEck Registers Avalanche Exchange-Traded Fund (ETF) in the US, Hinting at Spot AVAX ETF Filing

Global investment firm VanEck has filed for an Avalanche exchange-traded fund (ETF) in the United States, indicating a potential filing for a spot AVAX ETF in the future. The registration for the new VanEck Avalanche ETF took place on March 10 in Delaware, as shown in public records on the official Delaware state website. This marks the fourth standalone crypto ETF registration by VanEck in Delaware, following Bitcoin, Ether (ETH), and Solana (SOL). Avalanche, created by Ava Labs in 2020, is a multichain smart contract and decentralized app launch platform aiming to compete with Ethereum in terms of speed and scalability. The AVAX token has become one of the top 20 largest crypto assets by market capitalization, with a market cap of $7 billion.