VanEck Launches First US Spot Avalanche ETF
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- ETF Launch: VanEck has launched the first US Spot Avalanche ETF (VAVX) on NASDAQ, providing a regulated investment avenue for investors without the need to manage private keys, marking a significant milestone in the crypto market.
- User Surge: The Avalanche network saw a staggering 1,733% increase in active addresses within a week, growing from 30,000 to over 600,000, indicating rapid expansion in user base and application scenarios, which enhances market confidence.
- Government Adoption: California is digitizing 42 million car titles, while New Jersey plans to tokenize $240 billion in property deeds, a move that not only improves data security but also significantly reduces transaction times, further driving real-world applications of Avalanche.
- Fee Waiver: To attract early investors, VanEck announced a fee waiver on the first $500 million in assets until February 28, after which a competitive 0.20% management fee will be charged, aimed at increasing market share and enhancing investor appeal.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
