VanEck Debuts Its First AVAX Spot ETF on Nasdaq

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VanEck has officially launched the VAVX, its new spot ETF based on Avalanche, beginning trading on Nasdaq. This innovative product marks a significant milestone for Avalanche, allowing U.S. investors direct access to the digital asset through a regulated ETF structure.

Staking Reward Mechanism

The ETF implements an innovative active quality model where it will lock a portion of its AVAX holdings, generating additional returns that will be periodically distributed to shareholders. The income derived from staking is distributed among holders after deducting the fund’s operational fees.

VanEck’s Competitive Strategy

To boost initial adoption, VanEck has announced an aggressive strategy: waiving all management fees on the first $500 million in capital flows into VAVX. This move aims to quickly attract assets from launch.

AVAX Market Context

At the time of writing, AVAX is trading at $9.66 with a circulating market capitalization of $4.17 billion, reflecting the strength of the Avalanche ecosystem in the regulated digital assets market.

AVAX-5,13%
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