VanEck applies to the US SEC to launch Avalanche ETF

According to The Block, VanEck has submitted an S-1 application to the SEC to launch the Avalanche ETF. The investment objective of this trust is to reflect the price performance of the native token 'AVAX' of the Avalanche network minus the operating costs of the trust Previously, according to the Delaware company registration information, VanEck registered the "VanEck Avalanche ETF" on March 10, 2025, with the company type being Statutory Trust and the registration agency being CSC Delaware Trust Company.