VanEck’s Avalanche Spot ETF—VAVX—will be listed on NASDAQ on January 26.
(Background: Wall Street strategist Matt Zhang leads AVAX One: launching $550 million in financing to build an on-chain Berkshire Hathaway)
(Additional background: Stock price soars 3 times! Agricultural tech company AgriFORCE transforms into AVAX treasury, raises $700 million, and rebrands as AVAX One)

Table of Contents

• Altcoin ETFs Frequently Launch
• AVAX Reserve Company Stock Performance
• Luxurious Endorsement: Comprehensive Advisory and Investment Team

Asset management firm VanEck’s Avalanche spot ETF “VAVX” will officially list on NASDAQ on January 26, Eastern Time. Reportedly, Flow Traders is the primary market maker for VAVX.

VanEck stated in a press release that the product design is similar to current Bitcoin ETFs, with 100% of the fund’s assets holding spot AVAX, and daily disclosure of holdings. If stable net inflows continue, VAVX could bring longer-term institutional funding to the Avalanche ecosystem.

Altcoin ETFs Frequently Launch

2025 is seen as the turning point year for cryptocurrency ETFs, shifting from Bitcoin dominance to a “diverse array of altcoin ETFs.” With the regulatory environment in the US shifting—especially after the SEC leadership change early last year—several mainstream altcoin spot ETFs have been approved and listed, including funds for Solana, XRP, Litecoin, and others.

However, ETFs are not necessarily a cure for coin prices. Currently, market funds for cryptocurrency ETFs remain highly concentrated in BTC and ETF funds. Although other altcoin ETFs have been approved, their ability to attract capital is noticeably weaker.

In this cycle, AVAX has shown some correlation with Bitcoin, but overall remains weak. The current price has fallen back to the lows of the last bear market, now trading at $11.9.

AVAX Reserve Company Stock Performance

The weakness of Avalanche can also be seen from the stock price changes of Nasdaq-listed AgriFORCE (AGRI), a company that announced last September its plan to rebrand as AVAX One and establish a $700 million AVAX reserve.

After the announcement, the company’s stock price surged by 300%, reaching a high of $10.14. However, over the past four months, it has continued to fluctuate downward, completely giving back the initial gains.

Luxurious Endorsement: Comprehensive Advisory and Investment Team

At that time, the AVAX One advisory committee was jointly led by Anthony Scaramucci, founder of SkyBridge Capital, and Brett Tejpaul, head of Coinbase Institutional; the investment list included over 50 institutions such as ParaFi, Galaxy Digital, Kraken, and others. The company also plans to acquire revenue-generating fintech companies and integrate services into the Avalanche network, while exploring real-world asset (RWA) tokenization.