Van Eyck is launching the US-listed Avalanche ETF
Global asset manager VanEck has launched a US-listed exchange-traded product offering exposure to Avalanche's native token AVAX (AVAX), marking the first time Avalanche ETFs will trade in the United States.
According to Monday's announcement, the product is not registered under the Investment Company Act of 1940, although it may be subject to other U.S. securities laws.
The fund trades under the symbol VAVX, generating returns by tracking and recording the value of Avalanche's AVAX token. VanEyck said it will waive sponsor payments on the ETF's first $500 million in assets until Feb. 28. Assets above $500 million will be charged a 0.20% sponsor fee before February 28, which will apply to all assets after that date.
Kyle D'Cruz, director of digital assets product at VanEck, told Cointelegraph that the ETF wrap opens up the RIA and wealth management market as well as institutions “to network product through a standard exchange-traded product without the risk and complexity of managing the infrastructure themselves.”
Avalanche is an open source blockchain network for decentralized applications and smart contracts that was launched in September 2020 and was developed by Ava Labs, founded by Cornell University computer scientist Emin Gunn Sirer.
At the time of writing, AVAX had a market capitalization of $5.1 billion and was trading at $11.76. According to CoinGecko data, the token has fallen to 92% from its all-time high of $144.96 in November 2021 and 69% last year.
VanEyck sought to launch the Avalanche ETF in March 2025 when it first filed its S-1 filing with US regulators. In April 2025, Nasdaq will seek approval to list and trade the proposed Avalanche ETF following a regulatory change application, a necessary step before the product comes to market.
The fund's launch could pave the way for more Avalanche spot ETFs already in the regulatory pipeline. Grayscale Investments currently operates the Avalanche trust and is slated to convert its product to a spot ETF in August 2025, while Bitwise Asset Management has filed an S-1 filing for the AVAX spot ETF in September 2025.
Related: US Bitcoin ETFs Bleed $1.72B in Five-Day Outflow
Crypto ETFs expand beyond simple price exposure.
According to an X post from Bloomberg senior ETF analyst Eric Balchunas, on Monday BlackRock filed an S-1 filing for the proposed iShares Bitcoin Premium Income ETF, which seeks to track the price of Bitcoin (BTC) by selling call options primarily on the Bitcoin ETF, IBIT shares.
The filing reflects a broader shift in crypto exchange-traded products, as providers are designing ETFs that combine digital assets with portfolio strategies and risk management features, rather than simply offering simple price exposure.
In December, Amplify ETFs launched two blockchain-focused ETFs on NYSE Arca. Amplify Stablecoin Technology ETF ( STBQ ) and Amplify Tokenization Technology ETF ( TKNQ ) track various indices of companies that build infrastructure and generate income from stablecoins and tokenized assets.
Bitwise Asset Management also filed with the U.S. Securities and Exchange Commission to launch 11 single-token “strategy” crypto ETFs, a move that expands its product lineup by offering exposure to major altcoins, including NEAR (NEAR), Sui (SUI), Uniswap (UNI), Aave (AAVE), Bittensor (TAO), and Zcash (ZEC).
Asset manager 21Shares recently launched its Bitcoin Gold ETP, BOLD, a single exchange-traded product on the London Stock Exchange that combines exposure to Bitcoin and gold, allocating roughly two-thirds to gold and one-third to Bitcoin, and trading in both pounds sterling and the US dollar.
Magazine: A ‘tsunami' of wealth is heading to crypto: Nansen's Alex Svanević
