Avalanche’s price outlook, like the AVAX spot ETFs, extends zero net income

Avalanche spot ETFs extended their streak of zero net flows to 16 days. The AVAX token traded lower amid the laggard ETF market. If the bulls reverse the picture, AVAX can target $16 and $20 on the next leg.

Avalanche (AVAX) price faces downward pressure near $9.00, as another chapter in investor indifference for the space's exchange-traded funds (ETFs).

Despite a nearly 4% gain last week, zero net income remains and could accelerate in a sluggish altcoin market.

Avalanche spot ETFs “bad” net flow

While spot bitcoin ETFs have shown intermittent days of net inflows and outflows over the past month, the two spot AVAX ETFs have established a long period of no net inflows.

According to data from SoSoValue, VanEck's VAVX and Grayscale's GAVA have recorded zero net income for sixteen consecutive trading days, dating back to 2016. The series started on March 18, 2026.

This drought followed a brief surge on March 17 when the fund attracted $246,000 in net income, building on $532,000 inflows earlier that week.

Since then, however, capital has largely stagnated, reflecting broader altcoin fatigue in a market dominated by Bitcoin.

As of April 10, 2026, total net income for ETFs was $9.76 million, with daily trading volume remaining anemic at $251,800.

The funds collectively manage $17.14 million in assets under management (AUM), which is just 0.43% of the AVAX distribution's market cap.

This limited exposure highlights the challenges of attracting institutional interest to the Avalanche ecosystem, despite strengths in high-throughput blockchain scaling and subnet technology.

A look at the price of flooding

Market watchers attribute the slowdown in earnings to macroeconomic caution and geopolitical tensions dampening appetite.

ETF analysts say that without fresh capital, these products will struggle to provide the liquidity surge seen in their Bitcoin and Ethereum counterparts, which could extend AVAX's price consolidation.

AVAX failed to hit a sustained uptrend as the token attempted to establish near $35 in September 2025.

The subsequent drop below the $10 psychological level kept bulls on the defensive, as sellers dominated on-chain activity and DeFi TVL on the Avalanche network declined.

Currently, AVAX is hovering at the $9.00 support zone, giving the advantage of the supertrend indicator.

However, the weak uptrend over the past week offers little hope of an upward rebound or stabilization of the $10.00 bulls-eye.

Technical indicators point to this possibility, with the Relative Strength Index (RSI) hovering just above 50 on the daily chart.

Analysts have pointed to the crypto market's resilience, which is likely to support a clean break above $10.20.

If the bulls cancel the downtrend, the immediate target will be the 12-$16 range. $20 high money can attract traders.

However, failure to hold $9.00 poses the risk of an acceleration to $8.50, opening the door to a retest of the February 6 low of $7.53.