Bitwise registers Avalanche ETF trust in Delaware, signaling growing institutional interest in AVAX amid rising competition from VanEck and Grayscale.
Bitwise Asset Management has taken a big step forward in the crypto world. The company recently registered an Avalanche exchange-traded fund (ETF) in Delaware. The action indicates that Bitwise is interested in expanding its product line of single-crypto investment vehicles beyond Bitcoin and Ethereum.
Avalanche ETF Race Heats Up with Bitwise Entry
On September 5, 2025, the ongoing trust was formally registered as the Bitwise Avalanche ETF. This move is an indicator that Bitwise is about to submit a registration statement to the US Securities and Exchange Commission (SEC) in order to introduce the new product.
The new ETF will track the price of the Avalanche native token, AVAX. Avalanche is characterized by a fast and effective blockchain. Investors will be excited by this news as it makes it easier to access altcoins. Bitwise is not alone, meanwhile, in its interest in an Avalanche ETF. Earlier this year, VanEck registered its own Avalanche ETF in Delaware. This filing was another addition to the list of altcoin ETF requests.
Related Reading: Spot Avalanche ETF to Be Launched Under AVAX: Grayscale Urges SEC to Approve | Live Bitcoin News
Moreover, the popularity of Avalanche ETFs appears to gain momentum. These filings may be emboldened by the recent pro-cryptocurrency position of the Trump administration. An example was the use of VanEck when ETFs that tracked altcoins became popular. This tendency indicates that the number of companies willing to provide controlled crypto investments is growing. Alternatively, Grayscale Investments has entered the fray as well. The company proposed a new Spot Avalanche ETF with a ticker AVAX to the SEC.
This August 22, 2025, filing intends to list the shares on the NASDAQ. This would create a new mechanism for investors to purchase and hold AVAX tokens without necessarily possessing them. This means that Grayscale is in a nascent crypto ETF market now. Competition is also increasing with more companies looking at the potential of Avalanche technology. The blockchain used by Avalanche is well-known due to its fast processing time and scalability.
ETF Approval Could Unlock Billions for AVAX
Meanwhile, there are certain important particulars on the registration of the Bitwise Avalanche ETF trust. This trust is under CSC Delaware Trust Company, 251 Little Falls Drive, Wilmington, Delaware. The place is a usual site where businesses are registered in the U.S. According to the document, additional information is accessible at a fee, including the status or the history of the trust. But the trust is not yet a statement of good standing; that is, it is still in its infancy stage.
Finally, when Bitwise shifts to registering an Avalanche ETF, it may unlock billions of dollars in institutional investments. The race to dominate the altcoins is heating up with VanEck and Grayscale already in the game. These developments are unfolding closely, followed by investors. These ETFs would potentially increase the popularity and liquidity of Avalanche should it get SEC approval. Until then, the crypto community is abuzz with speculation as to what lies ahead for AVAX.
