VanEck Registers Avalanche ETF Amid Market Sell-Off

On March 10, 2025, VanEck, a well-known New York investment firm, registered the VanEck Avalanche Exchange-Traded Fund (ETF) with the Delaware Department of State. According to the filing, this registration is a major step for the firm and the Avalanche blockchain ecosystem.

VanEck Avalanche ETF Coming Soon

The timing of this registration is significant because it comes during a downturn in the cryptocurrency market. Recently, the market has seen a notable sell-off, causing many digital assets to lose value. Avalanche’s token, AVAX, has been hit hard, dropping to a one-year low of $16.27. 

This sharp decline raises concerns about how the launch of the ETF might affect the token’s value and investor sentiment. Despite the current market conditions, VanEck Avalanche ETF registration shows a growing interest in blockchain-based financial products. 

As the cryptocurrency market develops, traditional financial firms like VanEck look for ways to provide more accessible and regulated investment options for their clients. This new ETF aims to attract institutional and retail investors who want to invest in Avalanche without the hassle of buying and managing AVAX tokens directly.

VanEck Launches SUI ETN in EU

Recall that the prominent crypto asset manager expanded its offerings to include VanEck Sui ETN on Euronext Amsterdam and Euronext Paris. As reported by TheCoinRise, this initiative provides investors with a new opportunity to tap into the growth of the Sui blockchain ecosystem. 

This exchange-traded note (ETN) is designed to allow users to gain exposure to the Sui blockchain’s native token, SUI.

Security is always a key concern in digital assets, and VanEck has ensured that the VanEck Sui ETN is fully collateralized. 

The underlying digital assets are held securely in cold storage by Bank Frick, a regulated custodian based in Liechtenstein. It is worth noting that the asset manager also celebrated its newly-approved spot Ether ETF. VanEck released an artful 37-second advertisement titled “Enter the Ether.”

Revealing VanEck Vision for Digital Assets

VanEck, known for identifying emerging investment trends, has expanded its focus beyond crypto-focused ETFs with ambitious plans for the digital asset space. In a recent interview, Portfolio Manager Pranav Kanade shared that CEO Jan van Eck envisions increasing the firm’s crypto allocation to 15% of its assets under management, compared to the current 1%.

Reflecting this forward-thinking approach, VanEck launched its community Non-Fungible Token (NFT) to highlight the broad utility of the asset class. Additionally, the firm set a bold price target for Ethereum in June 2024. It forecasted it to reach $22,000 by 2030, underscoring its confidence in the future of digital assets.