SEC Weighs New Avalanche Crypto ETF for Nasdaq Trading Debut
Published Date: 7/29/2025
Notice
Summary
The SEC is deciding whether to let Nasdaq list and trade shares of the VanEck Avalanche ETF, a new commodity-based fund. This affects investors and traders who might get a fresh way to invest in commodities. The decision deadline is July 28, 2025, and it could open up new money moves in the market if approved.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Fund Will Hold AVAX, May Stake
If listed, the VanEck Avalanche ETF would hold the AVAX token and value shares daily using the MarketVector Avalanche Benchmark Rate. The Trust may stake part of its assets through trusted staking providers (which may include a Sponsor affiliate) and would receive staking rewards of AVAX; creations and redemptions would occur in cash and in-kind in blocks of 25,000 shares.
SEC Review Focuses on Fraud Risks
The SEC instituted proceedings to analyze whether the proposed listing is consistent with Section 6(b)(5) of the Exchange Act, which requires exchange rules to prevent fraudulent and manipulative acts and to protect investors and the public interest. The Commission invited written comments by August 19, 2025 and rebuttals by September 2, 2025, with the July 28, 2025 decision date noted.
Potential AVAX ETF Listing
The SEC is deciding whether to let Nasdaq list and trade the VanEck Avalanche ETF, which would seek to reflect the price of the AVAX token. The Commission set July 28, 2025 as the date to approve or disapprove the proposal.
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