- Nasdaq just submitted an application to the SEC for the listing and trading of VanEck’s spot Avalanche ETF.
Nasdaq recently filed for the listing of a spot Avalanche (AVAX) exchange-traded fund (ETF) at the Securities and Exchange Commission (SEC). In the document John Zecca, Executive Vice President and Chief Legal Officer of Nasdaq, signed on April 9, 2025, the world’s second-largest stock exchange by market cap proposed that VanEck will sponsor the investment product while a third-party entity will serve as the custodian of its digital assets.
Key Features of the VanEck Spot Avalanche ETF
Like the other crypto ETFs, the new product offers customers indirect exposure to the price of its underlying asset, the Avalanche token. It tracks the price movements of AVAX in the derivatives marketplace.
VanEck’s proposed cryptocurrency ETF simplifies investing in AVAX by eliminating the need for investors to undergo the technical and complex procedures of setting up and managing their crypto wallets and securing their private keys. The platform also allows them to hold their Avalanche ETFs like traditional stocks as well as buy and sell them within stock exchanges, which is Nasdaq in this case.
A major downside to these crypto investment products is that their trading is only limited to the trading hours of the stock market. However, Tal Cohen, President of Nasdaq, earlier confirmed that they are exploring 24-hour trading operations during weekdays starting in the second half of 2026. He said that it was in response to growing investor demands, particularly those located within the Asia–Pacific (APAC) region.
VanEck’s pending spot Avalanche ETF comes following the success of its Bitcoin (BTC) and Ethereum (ETH) exchange-traded products (ETPs) in the US. As of Wednesday’s trading hours, the company’s crypto-based investment instruments have already racked up around $969.4 million in total net inflows.
The HODL Bitcoin ETF accounts for $834 million of the total net inflows, while the ETHV Ethereum ETF makes up $135.4 million. Meanwhile, the move marks the fourth standalone crypto ETF VanEck submitted to the regulator. Previously, it applied for a Solana (SOL) ETF, and there are rumors that it is considering other crypto for its ETF portfolio, too.
AVAX Today
The Avalanche token met Nasdaq’s ETF filing with an over 8% jump in its value, from a $17.32 low to a $18.83 high in the last 24 hours heading to Thursday afternoon. The latest developments elevated the crypto asset’s market cap by up to $7.83 billion at today’s peak value, while $462 million worth of its supply moved across wallet addresses during the same period.
