According to public records from the Delaware state website, VanEck has filed for an Avalanche (AVAX) exchange-traded fund (ETF). The filing is dated Mar. 10 and is called VanEck Avalanche ETF.
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Cryptocurrency-based ETFs To Take Charge In 2025
VanEck’s AVAX ETF filing comes as no surprise as the crypto industry has seen a surge in the applications of crypto-based ETF products. The SEC made history in January 2024 when it approved 11 spot Bitcoin (BTC) ETFs. The SEC later went on to approve Ethereum ETFs as well. Many anticipate the pro-crypto leadership in the US to lead to the approval of several more crypto-based ETFs.
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Crypto ETFs have seen significant outflows over the last few weeks. The market has taken a significant hit after the US announced tariffs against multiple countries. We may see a reversal as global economies settle down. AVAX could see a rally if things improve.
Will Avalanche Rally Over The Coming Weeks?
The application of an AVAX ETF is a bullish move. The asset may rise to new highs if the SEC approves VanEck’s application. BTC rose to new peaks after its ETFs went live last year. There is also a possibility that the ETF news will not push the underlying asset’s price. Ethereum (ETH) did not see much of a rally after its ETF approval.
According to CoinCodex, Avalanche (AVAX) will dip over the coming weeks. The platform anticipates the asset to trade at $13.73 on May 24. AVAX’s price will dip by 24.14% if it slides to $13.73.
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There is also a possibility that AVAX will breakout over the coming weeks. If macroeconomic conditions improve, the crypto market may see a rise in fund inflows. Such a scenario could lead to AVAX reclaiming the $30 mark.
