VanEck Proposes Avalanche ETF – Could This Spark an AVAX Price Comeback?

Jakarta, Pintu News – On Monday, March 10, 2025, digital asset manager VanEck has registered the Avalanche ETF AVAX0.76%->Current AVAX PriceRp 301.1530.76%Market CapRp 308,56 TriliunTrading VolumeRp 12,11 TriliunCirculating SupplyRp 409.786.456 in Delaware, raising speculation about the possibility of a spot AVAX ETF filing soon with the US Securities and Exchange Commission (SEC).

This move has given a positive boost to AVAX’s declining price, while indicating a potential recovery amid a broader market correction.

VanEck Registers Avalanche ETF in Delaware

Leading asset manager VanEck has registered the VanEck Avalanche ETF in Delaware on March 10, 2025. The move is a strong signal that VanEck is preparing to file an Avalanche-based ETF (AVAX) with the US Securities and Exchange Commission (SEC).

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If approved, this ETF could be a turning point for AVAX, which has experienced a price decline so far this year.

Currently, the price of AVAX has fallen about 62.85% in the past year, and is still 88.14% below its all-time high of $146.22.

However, the registration of this ETF gives investors new hope as previous crypto-based ETFs, such as Bitcoin BTC1.14%->Current BTC PriceRp 1.362.630.3311.14%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 and Ethereum ETH2.64%->Current ETH PriceRp 30.814.2312.64%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072, have managed to increase liquidity and push up the price of their underlying assets.

Avalanche and its Role in Tokenization

VanEck’s move to file an Avalanche ETF is not mere speculation, but part of a larger strategy in the blockchain-based financial ecosystem. Avalanche has shown significant progress in the field of tokenization of financial assets.

Several large financial institutions, such as JPMorgan and Mastercard, have collaborated with Avalanche to explore innovations in portfolio management and digital asset transactions.

JPMorgan, for example, is looking to integrate their Onyx platform with Avalanche Evergreen Subnet, a specialized blockchain designed for institutional use with EVM compatibility, network privacy, and customizable gas mechanisms.

Avalanche User Growth

Although the price of AVAX is trending downward, on-chain activity on the Avalanche network is showing a promising increase.

Data from TokenTerminal revealed that the number of monthly active users on Avalanche reached 1.4 million in January 2025, although it later dropped to 705,700 active users.

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Additionally, crypto analyst Miles Deutscher noted that the number of new users on Avalanche increased 120% in Q1 2025, with 45,000 new users joining in March.

This increase in adoption could be an early indication that AVAX has the potential to recover if liquidity and investor confidence increase.

Will AVAX Price Recover?

As of March 11, 2025, AVAX was trading at around $17.41, after dropping to $15. In technical analysis, the price of AVAX is currently near the lower limit of the Bollinger Bands at $16.61, which could be a rebound point to the 20-day EMA at $21.30 if selling pressure eases.

In addition, the RSI indicator shows AVAX is approaching oversold conditions, which means there is a possibility for investors to start accumulating this asset again. If VanEck files the Spot Avalanche ETF with the SEC soon, this could be a major catalyst for AVAX’s price recovery.

However, investors still need to be aware of Bitcoin’s (BTC) correction trend and the US inflation data that will be released in the near future, as these two factors could affect the overall crypto market sentiment.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. VanEck Registers for Avalanche ETF, Will AVAX Price Recover Soon. Accessed on March 12, 2025
• CoinSpeaker. VanEck Avalanche ETF Registered in Delaware Amid Increasing Monthly Users. Accessed on March 12, 2025
• Cointelegraph. VanEck Avalanche ETF Registration in Delaware, AVAX Drops 55% YTD. Accessed on March 12, 2025