VanEck Files Spot Avalanche ETF: A Big Step for AVAX?

Ben Graham · 5 horas atrás

VanEck has officially launched its spot Avalanche (AVAX) ETF after filing initial paperwork with U.S. regulators in March 2025, becoming the first such product to trade on Nasdaq under the ticker VAVX. This move creates a regulated vehicle for direct exposure to AVAX, following the path set by Bitcoin and Ethereum ETFs that have drawn substantial capital.

The firm manages over $100 billion in assets and has successfully operated spot Bitcoin and Ethereum ETFs since their approvals. This latest addition builds on that foundation, with the ETF registering an initial net asset value of around $24.05 on its debut day, though that figure reflects early trading dynamics rather than long-term performance.

The SoSoValue AVAX ETF dashboard now tracks the VanEck Avalanche ETF (VAVX), the first US AVAX spot ETF, officially listed on NASDAQ. @avax @vaneck_us

Key Details:
– Ticker: VAVX
– Exchange: NASDAQ
– Mgmt Fee: 0.30%
– Supports cash/in-kind creation & redemption
– Staking enabled… pic.twitter.com/zMbCwODbhQ

— SoSoValue (@SoSoValueCrypto) January 27, 2026

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The Choice for AVAX Is Not Random – More Push for Altcoin ETFs

This development aligns with a bigger push for altcoin ETFs, as firms test regulatory boundaries beyond Bitcoin and Ethereum. VanEck’s AVAX product follows its Solana ETF filing and competes with proposals from entities like Bitwise, which also amended its Avalanche ETF plans to include staking in late 2025.

The ETF carries a management fee of 0.30%, with VanEck waiving sponsor fees on the first $500 million in assets under management until February 28, 2026. This competitive pricing aims to attract inflows, similar to how fee reductions boosted Bitcoin ETF adoption. Other networks, such as NEAR and Sui, have seen comparable filing activity from Grayscale and others.

Morgan Stanley is filing for BTC and Solana ETFs. The same bank that banned advisors from recommending crypto to clients until recently. Times change fast.

— Peak Money (@peakmoney_) January 26, 2026

Why AVAX? Avalanche operates as a proof-of-stake blockchain, relying on validators who stake AVAX to confirm transactions and maintain consensus. Regulators have grown more familiar with proof-of-stake models since Ethereum’s transition.

The 2023 Shanghai upgrade demonstrated that large-scale staking networks can handle withdrawals efficiently, with only a small fraction of validators exiting without disrupting operations. VanEck highlighted similar mechanics in its filings to underscore Avalanche’s viability under U.S. oversight.

After Bitcoin ETFs pulled in billions, Wall Street started asking the same question about other blockchains. Avalanche is now on that list.

VanEck’s Ethereum ETF filings referenced those upgrades as proof that large proof-of-stake networks can operate in a regulated environment (validator withdrawal mechanics).

This follows a pattern seen with other filings, like crypto ETF filings targeting specific blockchains. Institutions start with Bitcoin, test Ethereum, then explore smaller networks.

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AVAX Price Analysis Post VanEck ETF Listing

AVAX currently trades at approximately $11.70 USD, reflecting a market cap of around $5 billion and placing it among the top 25 cryptocurrencies by market cap. Over the past 24 hours, the price has declined by about 0.5%, with trading volume exceeding $250 million. Weekly performance shows a drop of roughly 6.5%, but it aligns with the rest of the market, with a few exceptions.

Looking further back, AVAX has experienced a 15% decrease over the last 30 days, though it posted an 8% gain in the prior 60-day period. Year-over-year, the token is down significantly from its 2025 levels, having fallen from peaks above $30 earlier in the year. Its all-time high remains $144.96 from November 2021, representing a 92% drawdown, but recent ETF launches could introduce new demand drivers.

Analysts project potential recovery, with some forecasts suggesting AVAX could reach $20 on average by the end of 2026, driven by ecosystem growth and staking yields around 5-6%.

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