The SEC is set to list the VanEck Avalanche Trust, a new spot ETF. It would give investors exposure to the AVAX token without needing to buy or store it directly.
If approved, this move would mark another major leap forward for crypto-related ETFs in the U.S.
VanEck’s Avalanche ETF: A New Way for Investors to Access AVAX
The filing was signed by Nasdaq’s executive vice president and chief legal officer, John Zecca. It requests that the ETF be listed under Rule 5711(d). It is a rule that governs commodity-based trust shares. So, what’s the big idea? Instead of buying Avalanche on a crypto exchange, investors could simply buy shares of the ETF. The trust would hold the AVAX tokens, tracking their price. This gives traditional investors a way to get their feet wet in the Avalanche ecosystem. They can do so without dealing with crypto wallets, passwords, or unfamiliar platforms.
VanEck Digital Assets will sponsor the trust. Also, a third-party custodian will safely hold all the AVAX tokens on behalf of the ETF. This setup mirrors similar spot ETF filings, like VanEck’s previous Bitcoin and Ethereum proposals.
— Cointelegraph (@Cointelegraph) April 10, 2025
This filing comes as VanEck continues to double down on expanding its crypto offerings. The firm sees a growing demand from traditional investors who want access to digital assets through more familiar routes, like stock exchanges. Spot crypto ETFs have been a hot topic in 2024, with several asset managers pushing for SEC approval. While some Bitcoin ETFs have already made it across the finish line, altcoin-based ETFs like this Avalanche proposal are still awaiting regulatory green lights.
More About Avalanche
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To support this innovative approach, the platform needed a robust, scalable, and flexible infrastructure capable of handling its hybrid off-chain/on-chain design. AvaCloud offered seamless deployment, reliability, and scalability with a custom-built Avalanche Layer-1 (L1) network designed specifically for MapleStory Universe’s needs.
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