VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date

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Coin Telegraph 1d ago

VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date - Coin Telegraph

Quick Summary:

Fourth standalone crypto ETF registration by VanEckWith the new filing, Avalanche became the fourth crypto asset to see a standalone ETF registration by VanEck in Delaware, following Bitcoin, Ether (ETH) and Solana (SOL).

VanEck Avalanche ETF registration in Delaware.Source: Delaware.govThe filing comes amid a major market sell-off, with Avalanche (AVAX) dropping 55% year-to-date, while Bitcoin (BTC) is down around 17% in 2025, according to CoinGecko.

Source: Nate GeraciVanEck — among the first spot Bitcoin ETF issuers in the US in 2024 — has emerged as one of the major ETF players in the crypto market, known for being the first ETF provider to file for a futures Bitcoin ETF in 2017.