As of today, April 10, 2025, there have been notable moves in this space. VanEck initially registered an Avalanche ETF in Delaware on March 10, 2025, and followed up with an S-1 filing to the SEC on March 14, 2025, aiming to launch a spot AVAX ETF. This filing was intended to provide investors with direct exposure to AVAX, tracking its price via the MarketVector Avalanche Benchmark Rate.
VanEck has taken a further step by applying to list this ETF on Nasdaq. This aligns with the broader timeline: after the S-1 filing, the next logical step would involve a stock exchange like Nasdaq submitting a 19b-4 form to the SEC to list and trade the ETF shares. This would mark a significant step toward mainstream adoption for Avalanche, leveraging its scalable blockchain. It reflects growing institutional interest in AVAX, potentially boosting its visibility and price, though market reactions often hinge on SEC approval, which remains pending for both VanEck and Grayscale’s AVAX ETF proposals as of the latest updates.
