VanEck has launched VAVX, the first U.S.-listed spot ETF offering direct exposure to Avalanche’s native token, AVAX. Trading on Nasdaq, the fund is physically backed and will stake part of its holdings, with net rewards passed to investors. A full sponsor fee waiver applies on the first $500 million in assets or until February 2026, after which a 0.20% fee takes effect.
The ETF is being promoted as a bridge between traditional finance and Avalanche’s blockchain infrastructure. VanEck’s Kyle DaCruz emphasized the platform’s real-world use cases and scalability. The fund integrates staking via providers like Benqi and Yield Yak and tracks the MarketVector Avalanche Benchmark Rate. A portion of the fund’s holdings will be staked, with net rewards distributed to investors.
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AVAX Holds Support as Activity Rises
AVAX has edged up since the ETF launch, currently trading near $11.70. The current zone is a key short-term support, with the closest resistance around $13.37. Avalanche’s on-chain activity has also surged, with active addresses rising over 1,700% in a week, signaling increased engagement alongside the fund’s debut.
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Early Impact Still Developing
VAVX expands crypto ETF offerings in the U.S. and may help stabilize AVAX through broader investor access. However, the asset remains highly volatile, and the fund lacks protections under the Investment Company Act of 1940. The first weeks of trading will likely show whether institutional interest translates into meaningful price support.
