VanEck's Avalanche spot ETF , "VAVX," will officially list on the Nasdaq Stock Exchange on January 26th (Eastern Time). Reports indicate that Flow Traders will be the primary market maker for VAVX.
In its statement, issuer VanEck noted that the product design is similar to existing Bitcoin ETF structures, with 100% of the fund's assets holding spot AVAX and daily disclosure of holding details. If stable net inflows occur subsequently, VAVX is expected to bring longer-term institutional funding to the Avalanche ecosystem.
Altcoin ETFs are frequently issued.
2025 is considered a turning point for cryptocurrency ETFs, marking a shift from Bitcoin's dominance to a flourishing of Altcoin. With the changing US regulatory environment (especially the leadership change at the beginning of 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 panacea for cryptocurrency prices. Currently, market funds for cryptocurrency ETFs are still highly concentrated in the two major funds: BTC and ETFs . Although other Altcoin ETFs have been approved, their ability to attract funds is significantly weaker.
In this cycle, although AVAX's price movement has been somewhat correlated with Bitcoin, it remains weak overall. The current price has fallen back to the low point of the last bear market and is currently trading at $11.9.
AVAX Reserve Company stock performance
Avalanche's weakness can also be seen in the stock price changes of AgriFORCE (AGRI), a Nasdaq-listed agricultural technology company that announced its rebranding as AVAX One last September and plans to build a $700 million AVAX reserve.
When the news was announced, the company's stock price surged by 300% to a high of $10.14, but has been fluctuating and declining over the past four months, erasing all of its initial gains.
Luxurious backing: A full lineup of advisors and investors
At the time, AVAX One's advisory board was co-led by SkyBridge Capital founder Anthony Scaramucci and Coinbase Institutional headBrett Tejpaul ; the investor list included over 50 institutions such as ParaFi, Galaxy Digital, and Kraken. The company also planned to acquire revenue-generating fintech companies and integrate its services into the Avalanche network, while simultaneously exploring the tokenization of real-world assets (RWA).
