VanEck, a well-known investment firm, and Nasdaq have officially filed a request with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) that would focus on Avalanche (AVAX).
This filing was made under the SEC’s 19b-4 form, which is required for rule changes like listing a new ETF on an exchange.
6If approved, the new product, named the VanEck Avalanche Trust ETF, would enable retail investors to expose themselves to AVAX without purchasing or holding the cryptocurrency directly. The ETF would list on Nasdaq according to rules in place for commodity-based trust shares.
VanEck has previously filed for several crypto-related ETFs, such as those for Ethereum and Bitcoin. This action indicates increased interest among large players in the financial space to extend crypto investment products beyond BTC and ETH.
In the past, crypto prices, particularly those related to ETF filings, usually experienced a surge when this kind of announcement is made. AVAX might rally if investors are optimistic that the ETF will draw new demand from institutional and retail investors.
The price of Avalanche (AVAX) is approximately $17.83 as of April 10, 2025, indicating a slight increase of roughly 3% from the previous closing. The trading range for AVAX has been between $17.28 and $18.74.
Also Read: VanEck Seeks AVAX ETF, but Token Price Slips
