Asset Manager VanEck Registers for Avalanche ETF, Will AVAX Impress?

VanEck, a digital asset management firm, has taken a step toward expanding its crypto exchange-traded fund (ETF) offerings by registering an Avalanche ETF in Delaware on March 10. The move has sparked speculation that a spot AVAX ETF application with the United States Securities and Exchange Commission (SEC) could follow soon.

Meanwhile, the announcement helped stabilize AVAX’s price amid a broader market downturn, temporarily halting its decline. AVAX, which had dropped to $15 earlier in the day, rebounded to $17 at press time, showing signs of recovery.

Will AVAX Impress?

AVAX dropped to its lowest point since August, following a broader crypto market correction. However, the asset has rebounded faster than many others. If VanEck proceeds with a spot Avalanche ETF filing, it could boost sentiment toward the altcoin.

Beyond price recovery, Avalanche has also seen increased adoption. On March 7, 2025, financial analyst Miles Deutscher highlighted a surge in Avalanche’s monthly new users in Q1 2025.

“Monthly new users on Avalanche have surged higher in the first quarter of this year. I still don’t see a lot of people talking about it, but there could be something brewing with $AVAX,” the analyst tweeted.

Notably, the rising adoption further strengthens the network’s position in the crypto space. With growing institutional interest and potential ETF developments, AVAX could see increased traction in the market.

VanEck’s Growing Interest in Crypto ETFs

Since Donald Trump’s election and the subsequent shift in leadership at the SEC, asset managers have been more confident in launching new crypto-related ETFs. Avalanche is now the fourth cryptocurrency to have a standalone ETF registration by VanEck in Delaware, joining Bitcoin, Ether, and Solana.

VanEck’s growing interest in crypto ETFs was evident in its previous attempt to secure approval for a spot Solana ETF in June 2024. Although initially rejected, VanEck refiled the necessary 19b-4 form on January 28, and the financial watchdog acknowledged it on February 11.

Avalanche Tokenization Advancements

Avalanche has been gaining traction in asset tokenization and collaborating with major financial institutions such as JPMorgan and Mastercard. The blockchain is being utilized for various applications, including portfolio management.

Notably, JPMorgan has been integrating its Onyx platform with an Avalanche Evergreen Subnet, a permissioned blockchain designed for institutional use. These subnets offer features like Ethereum Virtual Machine (EVM) compatibility, enhanced privacy, and customizable transaction rules tailored for enterprises.