VanEck Files for Avalanche ETF, Paving the Way for Broader Altcoin Investment Options
VanEck has recently filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a proposed Avalanche exchange-traded fund (ETF), offering investors a direct way to access AVAX.
This filing reveals that the fund will hold AVAX tokens directly, and the valuation of its shares will be based on the MarketVector Avalanche Benchmark Rate. This rate aggregates pricing data from the top five trading platforms, according to CCData’s exchange benchmark report.
The filing also follows VanEck’s earlier registration of the Avalanche ETF in Delaware, a move that indicates the company’s broader strategy to diversify its crypto investment products. While the ETF’s ticker symbol remains undisclosed, this development represents an important step forward in VanEck’s pursuit of expanding its offerings in the cryptocurrency space.
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As cryptocurrency ETF options grow, asset managers are increasingly looking beyond Bitcoin and Ethereum. The approval of Bitcoin spot ETFs in January and Ethereum-based products shortly thereafter has encouraged firms to explore the potential of altcoin ETFs. Analysts from Bloomberg have noted that while Litecoin ETFs face a high probability of approval, other altcoins like XRP and Solana have lower chances.
Avalanche’s involvement in high-profile financial initiatives, such as Franklin Templeton’s tokenized fund, may bolster its case for approval. Despite the SEC’s historically cautious stance on crypto ETFs, shifting regulatory attitudes—partly influenced by the creation of a Crypto Task Force—are fueling optimism for more favorable treatment of digital asset products. If VanEck’s Avalanche ETF is approved, it could pave the way for more altcoin-based investment vehicles, integrating cryptocurrencies further into mainstream finance.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
