Nasdaq Submits Filing for VanEck’s Spot Avalanche ETF With the SEC

The New York-based stock exchange Nasdaq has applied with the United States Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Avalanche exchange-traded fund (ETF), which comes amid significant growth in altcoin ETFs.

According to the latest filing, asset management firm VanEck Digital Assets will sponsor the Trust, and the third-party custodian will hold all the Avalanche tokens on behalf of the Trust. 

Investor Exposure to AVAX

If it receives regulatory approval, VanEck would become the first asset manager to offer investors indirect access to AVAX—the native crypto of the Avalanche network — eliminating the need for direct token ownership.

This strategy would let investors profit from AVAX’s performance without logging into any exchange.

The filing further noted that the Trust does not plan to engage in borrowing, derivative, or comparable financial strategies to pursue its investment goals.

Remarkably, the submission comes as the investment company’s initiative to launch a spot Avalanche ETF in the U.S., which signals the asset manager’s commitment to expanding its crypto investment offerings.

Interestingly, VanEck has introduced its fourth independent crypto ETF, adding to its lineup offerings based on Bitcoin, Ethereum, and Solana. In 2024, the firm made headlines by being among the early applicants to propose a spot Solana ETF, positioning itself as one of the pioneering asset managers pursuing a SOL-focused investment vehicle. 

AVAX Fails to Impress

Following the latest application, AVAX has failed to impress. Around the time the announcement made the news, the crypto asset traded at $18.10, representing a 2.56% decrease in the last 24 hours. Its trading volume of $308.23% was down 49.23%, which shows investors’ fear. However, it has rebalanced at $18.51 at press time, signaling a 2.4% increase in the past 24 hours.

VanEck Digital Assets is not the only asset manager that has filed for a crypto investment product lately. On April 4, 2025, Grayscale filed a form S-1 with the US SEC to list a spot Solana ETF. This filing will expose investors to SOL without directly holding the crypto asset in a wallet. 

Similarly, asset manager Bitwise Invest expanded its crypto investments by filing for an Aptos ETF. The move positions the management firm to go after an ETF educated to Aptos.