VanEck launches first ever AVAX ETF in the US
VanEck launched the VAVX ETF, offering US investors exchange-traded exposure to Avalanche (AVAX) with staking rewards.Summary
VanEck has launched the VanEck Avalanche ETF (ticker: VAVX) in the US, providing investors with exchange-traded exposure to the Avalanche token (AVAX), which includes the potential for staking rewards to be reflected in the fund's performance. The ETF is expected to list on Nasdaq under existing generic listing standards, avoiding the need for a separate SEC rule change filing. VanEck is waiving sponsor fees on the first $500 million in assets until February 28, after which the fee will be 0.20%. This launch expands VanEck's crypto ETF offerings, which already include spot Bitcoin and Ethereum products. Avalanche is noted for its high-throughput blockchain designed for Layer 1 deployments and enterprise use cases, attracting major institutional interest.
(Source：Crypto Briefing)