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CoinGape 2025-03-14 21:25:07

Breaking: VanEck Files S-1 for Avalanche ETF With US SEC

Global Investment Management firm VanEck has filed a new S-1 registration form with the US Securities and Exchange Commission (SEC) to list and trade Avalanche ETF. Dubbed the VanEck Avalanche ETF, the asset manager is yet to disclose the ticker symbol for the new product. The VanEck Avalanche ETF In the S-1 registration statement , VanEck said the fund will track the price of AVAX, the native token of the Avalanche network. The firm said it will directly hold AVAX as an asset and value its shares daily based on the reported MarketVector Avalanche Benchmark Rate to achieve its objective. According to the filing, the values of the AVAX shares will be based on the price of the top 5 AVAX trading platforms, based on the CCData Centralized Exchange Benchmark review report. This S-1 registration is the first official step in listing an ETF in the United States. VanEck remains an active player in the crypto ETF scene. As reported earlier by CoinGape, VanEck registered the AVAX ETF in Delaware earlier this week before this latest filing. US SEC and Crypto ETF Products The US SEC has deliberated about crypto exchange-traded funds (ETFs) for years due to market manipulation, investor protection, and regulatory oversight concerns. However, the approval of spot Bitcoin and Ethereum ETF products have changed the narrative. Over the past six years, top asset managers like CoinShares, Canary Capital, Bitwise and Grayscale Investments among others have proposed new altcoin-backed ETF products. With a pro-crypto administration, firms like Tuttle Capital have even filed for products like TRUMP Leverage ETF , a move analysts say is a push of the regulatory allowance of the US SEC. Despite the extreme demand from these asset managers, the regulator has acknowledged many of the crypto ETF filings lodged with it thus far this year, Approval Odds for Avalanche ETF Product The likelihood of the SEC approving the VanEck Avalanche ETF depends on several factors. With President Donald Trump’s pro-crypto stance and the newly formed Crypto Task Force, the outlook for altcoins remains positive for now. Bloomberg ETF Analysts have already issued odds of approval for products like Dogecoin, XRP, Solana, and the Litecoin ETF filed earlier. With odds ranging from 60% for the XRP ETF to 90% for the Litecoin ETF, Avalanche may stand a chance for approval. Already, Avalanche powers some mainstream financial innovations, including Franklin Templeton’s tokenized fund hosted on the protocol. While VanEck is pioneering the AVAX ETF, its technological prospect and current SEC pivot might draw more asset managers to the offering. The post Breaking: VanEck Files S-1 for Avalanche ETF With US SEC appeared first on CoinGape .

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