# 2025-11095: SEC Puts Brakes on Avalanche ETF: Traders Left Hanging Until July

2025-11095, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the VanEck Avalanche ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares), is a Federal Register notice from Securities and Exchange Commission published 2025-06-17, effective 2025-07-28 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-11095
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-11095
- Title: Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the VanEck Avalanche ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 25707
- Published: 2025-06-17
- Effective: 2025-07-28
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Puts Brakes on Avalanche ETF: Traders Left Hanging Until July

## Summary

The SEC is taking extra time to review Nasdaq’s plan to list and trade shares of the VanEck Avalanche ETF, a new commodity-based fund. This means investors and traders will have to wait until July 28, 2025, for a final decision. The delay helps ensure the SEC carefully considers all feedback before giving the green light or a no-go.

## Effects PRIA read

- SEC delays decision on VanEck ETF: cost, low. The SEC extended its review of Nasdaq’s April 9, 2025, proposal to list the VanEck Avalanche ETF and set July 28, 2025, as the new deadline for a final decision. Because the original 45-day review period would have ended on June 13, 2025, investors and traders must wait until July 28, 2025 for the…

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## Sources
- [2025-11095 on federalregister.gov](https://www.federalregister.gov/documents/2025/06/17/2025-11095/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-designation-of-a-longer-period)
- [2025-11095 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-06-17/pdf/2025-11095.pdf)

## Related
- [Previous: 2025-11094, Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proce…](https://policyrisk.com/federal-register/2025-11094)
- [Next: 2025-11096, Self-Regulatory Organizations; NYSE American LLC, NYSE Arca Inc.; Order Institu…](https://policyrisk.com/federal-register/2025-11096)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-11095 (as of 2026-06-08).