VanEck Files the First AVAX ETF, a New Breakthrough in the Crypto Market!

Jakarta, Pintu News – VanEck, a leading investment company, recently filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the “VanEck Avalanche ETF” (AVAX).

This marks the first major step in creating an investment product directly linked to the Avalanche token (AVAX).

If approved, this ETF will be the first in the United States to directly hold AVAX tokens, providing new opportunities for investors to engage directly with one of the emerging crypto assets.

Read the full news here!

VanEck Avalanche ETF Details

The ETF proposed by VanEck aims to track the price performance of AVAX, taking into account operational costs. This ETF will directly hold AVAX tokens, and the value of its shares will be determined based on the MarketVector Avalanche Benchmark Rate.

The index incorporates price data from the five largest crypto exchanges, identified in exchange benchmark reports by CCData. This provides a more accurate and stable picture of how AVAX is performing in the market.

Read also: Ethereum Story on the Big Screen: Vitalik Buterin Documentary Premieres April 15, 2025!

Crypto ETF Trends and VanEck Opportunities

VanEck is not the only player in this arena; several other companies have also applied for ETFs based on other cryptos such as Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Litecoin (LTC).

ETF analysts from Bloomberg predict a high chance of approval for the Litecoin ETF, while the chances for XRP and Solana are lower. Avalanche’s involvement in Franklin Templeton’s tokenization fund might increase its chances of getting approval from the SEC.

Also read: Dogecoin (DOGE) is on a roll again, spike in on-chain activity reaches 400%!

SEC’s Changing Attitude Toward Crypto

Recently, the SEC has shown signs of being more open to crypto investment products. This is evident from their approval of a spot Bitcoin (BTC) ETF in January 2024 and a spot Ethereum (ETH) ETF in July 2024.

These steps indicate a policy change that may have a positive impact on the approval of other crypto products, including the AVAX ETF proposed by VanEck.

Conclusion

With the growing interest and adoption of crypto, products like VanEck’s AVAX ETF offer a new avenue for investors to engage in the crypto market in a more structured and secure way. The SEC’s upcoming decision will go a long way in determining the future direction of crypto investment in the United States.

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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

• Coinpedia. VanEck Seeks SEC Approval for First-Ever AVAX ETF, Paving the Way for More Crypto ETFs. Accessed on March 17, 2025
• Featured Image: Paractic Hebeg