AVAX aims for the $25 mark as the VanEck Avalanche ETF records new progress.

VanEck – one of the leading names in asset management – has just made a strategic move to bring Avalanche (AVAX) closer to a spot ETF.

Specifically, the company has submitted an application to the U.S. Securities and Exchange Commission (SEC) to seek approval to list an ETF based on Avalanche on the Nasdaq.

Although the application is still pending review by the SEC, if approved, this could become one of the first ETF funds in the U.S. focusing on altcoins – marking an important milestone in the journey to bring digital assets closer to traditional investors.

Not only is it a positive sign for Avalanche alone, the move could also open a new chapter for altcoins in the eyes of Wall Street, where Bitcoin and Ethereum have long been dominant.

VanEck ETF Profile

On April 8, VanEck officially submitted a 19b-4 application through Nasdaq to propose the launch of the VanEck Avalanche ETF.

This ETF will track the performance of AVAX — the native token of the Avalanche blockchain ecosystem. The fund is expected to be listed under Nasdaq Rule 5711(d), which is dedicated to commodity-backed trust certificates.

This is a mandatory procedural step to be able to bring a new financial product such as an ETF to the market. Once the filing is received, the SEC will have up to 90 days to review and make a decision to approve or reject the proposal.

During the evaluation phase, the SEC will consider key factors such as the level of market risk, investor protection mechanisms, and the fund’s compliance with current financial regulations.

Currently, VanEck operates a similar product in Europe — the Avalanche (ETN) trading certificate, with an annual administration fee of 1.50%. This suggests that ETFs in the US, if given the green light, are likely to adopt a similar cost structure.

If approved, this ETF will open up opportunities for traditional investors to access AVAX more conveniently and safely, without the need to directly hold or manage this type of cryptocurrency asset.

AVAX Price Trends and Historical Trends

In the most recent strong price surge of the market, Avalanche (AVAX) once reached a historical peak of approximately $146 in November 2021.

However, like many other coins, AVAX has undergone a severe downturn during the bear market of 2022–2023, at one point sliding below the $10 threshold.

Despite the decline, the project continues to persist in developing core technology and expanding its ecosystem through strategic partnerships. As we move into 2025, AVAX begins to show positive signs of recovery as the “whales” return to accumulate.

Transaction data shows that over the past 7 days, the price of AVAX has mostly fluctuated around the $18 mark. Specifically, in the last 24 hours, this coin has slightly adjusted with a decrease of 1.72%.

Daily AVAX/USDT Chart | Source: TradingViewCurrently, the $20 level remains a significant barrier, preventing AVAX from gaining a clear breakout momentum in recent months. However, market sentiment is gradually improving with the expectation that AVAX will soon surpass this resistance level to aim for the $25 mark – a milestone that could open up a new upward trend.

Technically, the buying force is showing signs of weakening, but the news about the ETF filing related to AVAX submitted by VanEck has helped reignite interest. If this momentum is maintained, it is entirely possible for AVAX to record new price peaks in the near future.

The ability to approve ETFs for AVAX and altcoins in general

As of now, the U.S. Securities and Exchange Commission (SEC) has only given the green light for Bitcoin and Ethereum-based ETFs.

However, this agency is still reviewing a series of applications for ETF approvals for other digital assets, including Solana, XRP, and recently Avalanche and Hedera – names that are on the list of potential candidates.

For this reason, VanEck’s Avalanche ETF proposal has become a notable filing, as the wave of ETFs for altcoins “outside the safe zone” of the market is gradually beginning to take shape.

However, the approval of an altcoin ETF remains unknown, as the SEC continues to maintain a cautious stance to protect investors from potential risks.

The noteworthy point is that VanEck is reapplying the strategy that previously helped them succeed with Bitcoin ETFs – a factor that could enhance the chances of approval.

If approved, the VanEck Avalanche ETF would become one of the first ETFs in the U.S. to focus on a blockchain outside of the two dominant names Bitcoin and Ethereum.

Overall, this event could become an important catalyst, paving the way for Avalanche’s breakthrough in the near future.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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