Vaneck submitted an S-1 registration declaration to the US Securities and Exchange Commission (SEC) for a Stock Exchange (ETF) funds proposed, aimed at providing investors with direct exposure to Avx.
According to the file, the Vaneck Avalanche ETF will directly hold AVAX and will assess its actions according to the Avalanche Marketvector reference rate, which brings together pricing data for the five largest trading platforms, as determined by the CCData exchange report.
This file follows the recent recording by Vaneck of the Avalanche ETF in Delaware, signaling the company’s intention to extend its range of cryptographic investment products.
Vaneck has not yet disclosed the symbol of the ETF ticker.
The FNB Altcoin take momentum
This decision comes as the asset managers grow for ETFs linked to cryptocurrencies beyond Bitcoin and Ethereum.
Since the SEC approved the Bitcoin Spot ETF in January and recently gave the green light to the products based on Ethereum, companies have explored the FNB potential supported by alternative digital assets.
Bloomberg ETF analysts have provided approval ratings for various ETFs based on Altcoin, estimating a 90% chance of Litecoin, while XRP and Solana are faced with lower probabilities.
Avalanche’s history, including its use in financial innovations such as the Franklin Templeton tokenized fund, could support its approval file.
Regulatory climate
The SEC has historically approached FNB Crypto with caution, citing concerns about market manipulation and investor protection.
However, the displacement of regulatory attitudes under the administration of President Donald Trump and the creation of a crypto working group have raised the expectations of a more open position towards digital asset products.
Although the response of the SEC at the FNB Avalanche de Vaneck remains uncertain, analysts consider the application of the company as a test case for a wider adoption of ETF Altcoin.
If it is approved, it could open the door to additional blockchain-based investment vehicles and more integrate cryptocurrencies into traditional finance.
