VanEck Taps Avalanche With New Crypto ETF, Targets Institutional Blockchain Adoption

VanEck launched the VanEck Avalanche ETF (NASDAQ:VAVX) on Monday, further expanding its suite of ETFs focused on digital assets. The new fund is the first ETP listed in the U.S. to offer investors access to the price movements and staking rewards of Avalanche’s native token, AVAX.

According to the company, the new ETF is designed to provide a transparent, exchange-traded way to gain access to the Avalanche blockchain ecosystem, which the company believes will play a key role in the next phase of institutional blockchain adoption.

“Avalanche’s architecture is uniquely positioned to bridge the gap between traditional finance and …

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