Avalanche Gets First US ETF As VanEck Debuts AVAX Fund
VanEck launched the first U.S. spot Avalanche (AVAX) ETF, VAVX, on Nasdaq, giving investors access to AVAX token price movements and staking rewards. The fund waives fees until it reaches $500 million in assets or February 28, then charges a 0.2% sponsorship fee. VanEck aims to educate traditional investors on Avalanche, focusing on simplifying technical concepts and highlighting both opportunities and risks. VAVX debuted down over 2% at $24.06, despite AVAX’s recent price gains, though AVAX remains 92% below its all-time high. This launch follows regulatory approvals enabling other altcoin ETFs and comes amid volatile crypto ETF flows. The move expands institutional access to Avalanche, recognized for its scalable blockchain suited to large-scale adoption by enterprises and governments.
