Vaneck has registered an Avalanche Exchange-Traded Fund (ETF) in the US state of Delaware, as the investment manager continues to apply for various ALTCOIN-based product despite clawback in the crypto market.

The New York headquarters company registered “Vaneck Avalanche Etf” on March 10, according to an archiving in Delaware’s State Website Department.

The registration comes in the midst of ongoing sales in the crypto market, which has seen Avalanche’s native Token (Avax) fall to one year low at $ 16.27.

Avalanche will be the fourth Crypto Asset Vaneck has registered an ETF after its filing for a spot Solana fund last year. Vaneck was among the first issuers of Bitcoin (BTC) and Ether (ETH) ETFs after they were approved in January and July respectively.

Issuers are apparently branched across the ALTCOIN market to develop new ETFs. Investment leaders Rex shares and Osprey -Fund filed to list a Moving Fund on Monday.