Delaware Sees New Altcoin ETF Filing as VanEck Registers Avalanche Fund

VanEck Registers Avalanche ETF in Delaware as Crypto Fund Race Intensifies

VanEck has taken another step in expanding its crypto investment offerings, registering an Avalanche exchange-traded fund (ETF) in Delaware amid increasing interest in altcoin-based financial products.

According to a filing on Delaware’s Department of State website, the New York-based asset manager officially registered the “VanEck Avalanche ETF” on March 10. The filing comes as the crypto market continues to struggle, with Avalanche’s native token (AVAX) recently hitting a one-year low of $16.27.

This marks VanEck’s fourth crypto-related ETF registration. The firm previously filed for a spot Solana ETF last June and was among the first issuers of Bitcoin (BTC) and Ethereum (ETH) ETFs after their regulatory approvals in January and July, respectively.

As institutional interest in altcoins grows, other investment firms are also moving into the space. On Monday, Rex Shares and Osprey Fund filed to list a MOVE fund, underscoring the increasing competition in the crypto ETF market.

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