- asdaq’s AVAX ETF filing highlights rising institutional interest in altcoins as regulatory conditions become more favorable.
- VanEck and Grayscale’s push for Avalanche ETFs signals accelerating altcoin adoption in U.S.-regulated crypto markets.
- Standard Chartered sees AVAX hitting $250 by 2030, driven by its scalable Layer-1 design and potential to outpace BTC and ETH.
Nasdaq has filed a rule change application with the U.S. SEC to list the VanEck Avalanche (AVAX) spot ETF. This move follows VanEck’s initial proposal made a month earlier. It also comes just weeks after Nasdaq’s application to list Grayscale’s Avalanche fund.
The development signals an acceleration in efforts by issuers to bring altcoin-based investment products to the market. According to Bloomberg ETF analyst James Seyffart, approval for the AVAX ETF could arrive by late December. Meanwhile, the Dogecoin (DOGE) spot ETF could be greenlit by mid-October.
Growing Demand for Altcoin-Based Investment Vehicles
The momentum behind these filings reflects strong demand following last year’s successful debut of spot Bitcoin and Ethereum ETFs. These funds have attracted over $35 billion in net inflows. Hence, issuers are increasingly targeting leading altcoins. Besides AVAX and DOGE, asset managers are eyeing Solana, XRP, Litecoin, and Sui.
Moreover, the Trump administration has changed the regulatory posture. This more advantageous climate has enticed businesses including Bitwise, Grayscale, and 21Shares to pursue DOGE ETF listings. Consequently, market participants now expect further diversification in U.S.-regulated crypto investment products.
Why Avalanche Could Lead the Pack
AVAX, the native token of the Avalanche blockchain, is currently the 16th-largest crypto by market value. It recently traded at $18.50, marking a 1.43% increase in 24 hours. Despite being down over 87% from its all-time high of nearly $145, market sentiment remains optimistic.
Standard Chartered initiated coverage of AVAX earlier this month. The bank forecasted a price surge to $250 by 2030. This represents a 1,300% upside from current levels. Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, cited Avalanche’s unique scaling model. The platform uses dedicated Layer-1 app networks—previously known as subnets—for scalability.
Additionally, Kendrick emphasized that Avalanche’s relatively small market cap allows for rapid impact from development progress. He stated that AVAX could outperform both Bitcoin and Ethereum in relative price gains.
