VanEck Files Third Amendment for Avalanche ETF: AVAX Eyes $15 Recovery

• VanEck submits a third SEC amendment for a spot AVAX ETF, signaling progress toward launch.
• Approval would make this VanEck’s fourth standalone crypto ETF, opening institutional access to Avalanche.
• AVAX technicals show support near $11.30 and resistance around $13.15–$14.95, with RSI at 39, indicating consolidation risk.

In another development, VanEck has moved another step closer to finalizing the spot Avalanche (AVAX) ETF as it files the third amendment to the document at the U.S. SEC. In fact, the filing of various amendments could mean that the product is nearing completion.

The new ETF will trade on Nasdaq with the ticker VAVX and will charge a 0.30% management fee. Coinbase has been called out as the staking provider, where it charges 4% on rewards, and there are also liquid staking options on Benqi, Hypha, and Yield Yak. The asset custody service will be offered through Coinbase Custody and Anchorage Digital Bank.

The AVAX fund will be VanEck’s fourth self-contained cryptocurrency ETF after Bitcoin, Ethereum, and Solana. This further emphasizes its commitment to entering regulated markets for prominent blockchains. Avalanche’s listing is a further indicator that institutional participation is increasing.

A spot AVAX ETF may provide a means by which traditional finance capital can enter the Avalanche market. In the growing race for approval among altcoin ETFs, AVAX finds itself among other contenders, such as XRP and Solana, waiting for decisions by the SEC. The outcome may shape the next wave of crypto market adoption.

Also Read: Avalanche Foundation Launches DLT Hub: Could it Boost the AVAX to $86

AVAX Price Chart Point to Cautious Recovery Ahead

From a technical perspective, AVAX has been showing a distinct downward trend on the daily charts for the past few weeks, as indicated by lower highs and lower lows. The price is slightly below the middle band in the Bollinger Bands indicator. Support levels are expected around $11.30, while the resistance levels are around $13.15 and $14.95.

Source: TradingView

RSI is at around 39, indicating bearish momentum but not oversold, anticipating consolidation. The MACD remains below zero, reinforcing the overall downtrend, but the flattening lines of the MACD histogram indicate a slowing down of the bearish movement. A reversal might indicate an RSI pickup with a bullish crossover.

Also Read: Avalanche (AVAX) Signals Strong Reversal as Bullish Targets Extend to $120