Avalanche Gets First US ETF As VanEck Debuts AVAX Fund – Decrypt

In brief

• Global asset manager and ETF issuer VanEck launched the first U.S. spot Avalanche (AVAX) ETF, VAVX.
• The fund will waive fees for the first $500 million in assets or until 2/28, whichever comes first.
• Avalanche has risen about 3% in the last 24 hours, though remains 92% off its 2021 all-time high.