The American stock exchange has submitted an application to the United States Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Avalanche Trust, a proposed exchange-traded fund (ETF) aimed at providing indirect exposure to the AVAX token.
The application, endorsed by the executive vice president and chief legal officer, seeks authorization to list and trade shares of the VanEck Avalanche ETF under Rule 5711(d), which pertains to the trading of shares based on commodity trusts.
If granted approval, the VanEck Avalanche ETF would enable investors to gain exposure to the price movement of Avalanche (AVAX) without the need to directly hold the tokens. The ETF would possess the tokens and monitor their price fluctuations, allowing investors to profit from the token’s performance without requiring crypto wallets or involvement with digital asset trading platforms.
As stated in the application, the asset manager will sponsor the trust, with a third-party custodian being responsible for holding all Avalanche tokens on behalf of the trust.
Excerpt of the ETF listing application.
VanEck enters the Avalanche ETF competition
This filing follows VanEck’s initiative to register a standard Avalanche ETF in the United States, having registered the investment product as a trust corporate service company in Delaware on March 10.
This marks the fourth distinct crypto ETF offering submitted by VanEck, joining its Bitcoin (BTC), Ether (ETH), and Solana (SOL) ETF products. In 2024, the company applied for a spot Solana ETF, becoming one of the pioneering issuers of a SOL-based ETF.
On March 14, the formal application for the Avalanche ETF was publicly announced via social media, reflecting the firm’s dedication to the product.
Additionally, another organization is working towards an AVAX-backed ETF. On March 28, the exchange applied to list their Avalanche ETF, which would transition a closed-end AVAX fund started by the asset manager in August 2024 into an ETF format.
Regardless of the growing interest in exchange-traded products tied to AVAX, the token has experienced significant losses in 2025, coinciding with a downturn in the broader crypto market. As of April 10, the AVAX token was trading at $18, a 56% decrease from its January peak of $41.