Bitwise Registers Avalanche ETF in Delaware, Paving Way for U.S. Launch

Bitwise has filed an S-1 with the SEC for an Avalanche ETF, joining VanEck and Grayscale amid a wave of altcoin ETF applications and upcoming listings for XRP and Dogecoin products.

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96d ago

Fact Check

The statement is strongly supported by multiple sources. Specifically, Source 2 (Ainvest) and Source 10 (CryptoBriefing) explicitly state that Bitwise registered an Avalanche ETF in Delaware on September 5, 2025. This action is a standard preliminary step required before filing with the SEC for a U.S. launch, which validates the 'paving the way' part of the statement. The other sources provide context on Bitwise's broader crypto ETF activities but do not contradict the core claim.

Summary

Bitwise Asset Management filed an S-1 with the SEC to launch the Bitwise Avalanche ETF, which would custody AVAX tokens through Coinbase. Avalanche, the blockchain behind AVAX, is the 19th-largest cryptocurrency by market cap and rivals Ethereum with faster and cheaper transactions. VanEck and Grayscale have also submitted AVAX ETF applications. Meanwhile, REX Shares and Osprey Funds are set to debut ETFs for XRP and Dogecoin this week, structured under the Investment Company Act of 1940, contrasting with Bitcoin and Ethereum ETFs registered as commodity trusts under the Securities Act of 1933. The SEC previously approved Bitcoin ETFs in 2024, which now hold nearly $152 billion in assets, and later approved Ethereum ETFs. AVAX was recently trading above $30 after a 6% daily increase.

Terms & Concepts

Avalanche ETF: An exchange-traded fund that aims to provide investors exposure to the Avalanche blockchain’s native token AVAX.
AVAX: The native cryptocurrency of the Avalanche blockchain, used for fees, staking, and network operations.
S-1 Filing: A registration form submitted to the SEC by companies planning to offer new securities, including ETFs, to the public.