Nasdaq files for listing VanEck Avalanche ETF spot

The Nasdaq stock exchange has just submitted an application to the U.S. Securities and Exchange Commission (SEC), proposing to list and trade shares of the VanEck Avalanche Trust — a new ETF designed to provide indirect access to AVAX tokens for traditional investors.

The filing signed by John Zecca, Executive Vice President and General Counsel of Nasdaq, proposes approval for the listing of this ETF fund under Rule 5711(d) — a specialized regulation for stocks belonging to commodity trust funds.

If approved, the VanEck Avalanche ETF will act as a bridge allowing investors to benefit from the price fluctuations of Avalanche without the need to directly hold tokens, wallets, or access exchanges. The fund will hold AVAX and reflect the actual value of this token, providing convenience and safety for investors.

According to the content of the file, the asset management company VanEck Digital Assets will be the sponsor of the fund, while a third-party custody (custody) will be responsible for safeguarding the entire amount of AVAX of the fund, ensuring transparency and asset safety.

Excerpt from the Nasdaq listing application for Avalanche ETF | Source: Nasdaq## VanEck joins the Avalanche ETF race

The latest filing from VanEck marks the next step in the effort to launch the Avalanche spot ETF in the United States. Previously, on March 10, this asset management company registered a crypto investment fund in the form of a trust service company in the state of Delaware.

This is the fourth independent crypto ETF proposed by VanEck, following similar products based on Bitcoin, Ethereum, and Solana. Notably, in 2024, VanEck became one of the pioneering organizations to apply for the approval of a Solana spot ETF, demonstrating a long-term investment strategy in digital assets.

On March 14, the official file for the Avalanche ETF was publicly released by VanEck on social media, as a reaffirmation of the company's serious commitment to this product.

Grayscale Investments is also not outside the game. On March 28, Nasdaq filed for the listing of Grayscale's Avalanche ETF — a converted version of the closed AVAX fund that the company has implemented since August 2024. This move indicates that competition is heating up in the crypto ETF segment associated with emerging blockchains.

However, despite the growing interest in AVAX-based ETP products, the price of this token plummeted sharply in 2025 as the global crypto market entered a recession. As of April 10, AVAX was trading at $18, down 56% from its peak of $41 in January.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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Minh Anh

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