- Avalanche surged 27% in two weeks after Bitwise filed for a spot AVAX ETF with the SEC.
- Analysts see a potential $80 price target, fueled by ETF speculation and $1B in treasury purchases.
- Risks remain if the SEC delays approval, but institutional momentum keeps the long-term outlook bullish.
Avalanche (AVAX) is stealing the spotlight this week, breaking away from the broader market’s consolidation phase. While Bitcoin holds steady around $115,000, AVAX has surged nearly 28% in just two weeks, gaining 7.3% on the daily chart, 17.9% over the week, and 24.4% in the past month, per CoinGecko data. The catalyst? Bitwise’s S-1 filing with the SEC for a spot Avalanche ETF, a move that has fueled bullish speculation across the crypto space.
ETF Buzz Fuels Avalanche Rally
History has shown how much ETFs matter. Bitcoin’s record highs came right after the SEC approved 11 spot ETFs last year. Ethereum followed the same path earlier this year with new inflows pushing it past old records. Now, Avalanche may be next in line. If the SEC gives Bitwise’s ETF the green light, AVAX could repeat that same explosive pattern. With SEC Chair Paul Atkins already signaling support for expanding the U.S. crypto industry, approval odds look stronger than before.
Can AVAX Smash Through $80?
Analysts are now eyeing $80 as the next critical target. The combination of ETF hype and fresh corporate demand gives Avalanche a powerful narrative. Two separate crypto treasuries recently announced they had raised $1 billion to buy AVAX tokens, echoing the same treasury-driven demand that pushed Bitcoin and Ethereum higher in past cycles. If momentum holds, AVAX could be gearing up for a run at its previous all-time highs.
Risks of Delay Still Linger
That said, ETF approvals aren’t guaranteed. The SEC has delayed decisions for other projects before, and a pushback could cool Avalanche’s rally, at least temporarily. Traders should also note that the recent upswing has been fast, leaving room for sharp pullbacks if enthusiasm fades. Still, with institutions circling and ETF optimism building, Avalanche has become one of the most-watched tokens heading into Q4 2025.
