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CoinPhoton
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VanEck launches first U.S. spot Avalanche ETF
The first U.S. spot Avalanche (AVAX) ETF, trading under the ticker VAVX and issued by VanEck, has begun trading on the Nasdaq. The fund gives investors direct exposure to AVAX’s spot price performance along with staking rewards, further expanding the range of crypto ETFs available in the U.S. market.
VanEck said Avalanche is one of the few smart contract platforms—alongside Ethereum and Solana—capable of delivering the network throughput and customization that institutions may require as tokenization accelerates. The firm also plans to work closely with the Avalanche team to produce educational resources aimed at helping traditional investors better understand the network’s technology and risk profile.
VAVX will waive management fees until it reaches $500 million in assets or until February 28, whichever comes first. After that, the fund will charge a 0,2% sponsor fee. On its first trading day, the ETF fell more than 2% to $24,06, even as AVAX gained over 3% in the past 24 hours. Still, the layer-1 token remains down roughly 69% over the past year and about 92% below its 2021 all-time high.
Ava Labs described the launch as a meaningful step in expanding institutional access to the Avalanche network, highlighting growing recognition of the blockchain for real-world applications across enterprises and governments.
With VAVX’s debut, AVAX joins other altcoins such as Solana, XRP, and Dogecoin that have recently received spot ETF approvals in the U.S. However, the broader crypto ETF market has faced pressure lately, with Bitcoin and Ethereum funds seeing significant outflows amid macroeconomic uncertainty.
The first U.S. spot Avalanche (AVAX) ETF, trading under the ticker VAVX and issued by VanEck, has begun trading on the Nasdaq. The fund gives investors direct exposure to AVAX’s spot price performance along with staking rewards, further expanding the range of crypto ETFs available in the U.S. market.
VanEck said Avalanche is one of the few smart contract platforms—alongside Ethereum and Solana—capable of delivering the network throughput and customization that institutions may require as tokenization accelerates. The firm also plans to work closely with the Avalanche team to produce educational resources aimed at helping traditional investors better understand the network’s technology and risk profile.
VAVX will waive management fees until it reaches $500 million in assets or until February 28, whichever comes first. After that, the fund will charge a 0,2% sponsor fee. On its first trading day, the ETF fell more than 2% to $24,06, even as AVAX gained over 3% in the past 24 hours. Still, the layer-1 token remains down roughly 69% over the past year and about 92% below its 2021 all-time high.
Ava Labs described the launch as a meaningful step in expanding institutional access to the Avalanche network, highlighting growing recognition of the blockchain for real-world applications across enterprises and governments.
With VAVX’s debut, AVAX joins other altcoins such as Solana, XRP, and Dogecoin that have recently received spot ETF approvals in the U.S. However, the broader crypto ETF market has faced pressure lately, with Bitcoin and Ethereum funds seeing significant outflows amid macroeconomic uncertainty.
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