SEC Delays VanEck’s Avalanche ETF Decision, Adding to Crypto Market Uncertainty

The US Securities and Exchange Commission (SEC) has postponed its decision on Van Eck’s application for a Spot Avalanche ETF, pushing the timeline back until July 15, 2025. This delay stems from the SEC’s need for additional time to review the proposed rule change, adding to the regulatory uncertainty already affecting crypto markets. The SEC’s action underscores its cautious approach towards approving crypto ETFs and has ramifications for Avalanche (AVAX) and other related crypto assets.