VanEck ETF Filing Sparks Crypto Market Reassessment
11.03.2025 10:26
VanEck has registered an Avalanche ETF in the US, marking the fourth crypto asset to get a standalone ETF registration after Bitcoin, Ether, and Solana. The filing, announced amid a major market sell‐off, hints at institutional momentum even as AVAX has dropped 55% year‐to-date and BTC is down around 17%. Industry watchers note that this strategic move may renew interest in underperforming assets through increased regulatory and institutional engagement. Additionally, past ETF filings for ETH and SOL further bolster market legitimacy. A passing comparison to an XRP ETF filing suggests that coins not directly embraced by recent filings could face a more cautious outlook in the near term.
In the short term, the ETF registration by VanEck may trigger renewed buying interest despite AVAX's sharp 55% decline YTD. Over the long term, successful regulatory approval and institutional inflows could help stabilize and gradually increase the price, though the current bearish trend needs to be overcome.
Bitcoin may see short-term relief as its early involvement in ETF initiatives lends institutional credibility. However, the current 17% decline and overall market volatility might limit immediate gains, making long-term performance dependent on broader macroeconomic trends and regulatory responses.
Ether stands to benefit moderately from the wider trend of ETF filings. Past filings have helped validate ETH’s legitimacy, which may foster renewed investor confidence. However, near-term price action might be tempered by broader market challenges and competitive pressures from other platforms.
Solana is expected to experience incremental gains as past ETF filings help strengthen its market profile. While current market volatility may dampen immediate enthusiasm, a positive regulatory environment and sustained institutional interest could support gradual price recovery over the longer term.
XRP appears to face a more cautious outlook as it was indirectly referenced in comparison to AVAX. Without the immediate boost from a dedicated ETF filing, XRP's price may remain subdued in the short term. Future regulatory clarity could change its dynamics, but current sentiment favors assets with proactive institutional filings.
Sources
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