🚨 LATEST: AVAX spot ETF debuts with muted start
The first U.S. Avalanche ($AVAX) spot ETF, VanEck’s $VAVX, has debuted on Nasdaq with zero net inflows on Day 1. $ZEC
DAY 1 STATS:
• ETF: VanEck Avalanche Spot ETF ($VAVX)
• Net inflows: $0
• Trading volume: $330K
• NAV: $2.41M $ASTER
• Exchange: Nasdaq
WHY IT MATTERS:
• Highlights cautious institutional demand for altcoin spot ETFs $DASH
• Shows a clear contrast with early BTC/ETH ETF launches
• Suggests adoption may be gradual, not explosive, for L1 ETFs
BOTTOM LINE:
The Door Is Open — But Capital Is Hesitant.
AVAX Has Spot Access Now, Yet Institutions Are Still Watching, Not Rushing.