The United States' first AVAX ETF is listed! Focusing on price exposure + staking yields, VanEck opens a new investment pathway

VanEck Launches the First AVAX ETF in the US, Combining Price Exposure and Staking Rewards, with Limited-Time Zero Fee Offer to Expand Institutional Participation in the Avalanche Ecosystem.

The US cryptocurrency ETF market welcomes a new player. Asset management firm VanEck announced on Monday the launch of the first ETF in the US tracking Avalanche’s native token AVAX. This allows investors to easily participate in price fluctuations while introducing a staking reward mechanism, opening new avenues for investors seeking diversified income.

This new fund, named “VanEck Avalanche ETF,” is listed under the ticker “VAVX.” VanEck emphasizes that, to date, VAVX is the only ETP in the US market that offers both AVAX price exposure and potential staking rewards.

Avalanche is a high-performance public blockchain launched by Ava Labs in 2020. Its core vision is to address three major issues of existing blockchains: scalability, interoperability, and usability.

As a platform supporting smart contracts, Avalanche can automatically execute contracts when certain conditions are met, making it a vital infrastructure for institutional-grade financial applications. According to CoinGecko data, AVAX currently ranks as the 33rd largest cryptocurrency by market capitalization worldwide.

VanEck Digital Asset Director Kyle DaCruz stated in a release that Avalanche’s uniqueness lies in its ability to connect traditional finance with blockchain technology. “Avalanche’s architecture has a distinct advantage in bridging the gap between traditional finance and on-chain economies, focusing on verifiable, real-world use cases.”

Regarding fee structure, VanEck said that as long as the VAVX fund’s assets under management (AUM) are within $500 million, or before February 28 (whichever comes first), investors can enjoy a “full management fee waiver.” Afterward, the management fee rate will be adjusted to 0.20%.

The debut of VAVX continues VanEck’s long-term strategy in the cryptocurrency ETF space. Over the past few years, the company has launched ETFs tracking Bitcoin, Ethereum, and Solana (SOL).

• This article is reprinted with permission from: 《Block Beast》
• Original title: 《VanEck Launches the First AVAX ETF in the US! Featuring “Price Exposure + Staking Rewards” Dual Engines》
• Original author: Block Sister MEL