{"id":27980,"date":"2025-05-21T22:47:01","date_gmt":"2025-05-21T22:47:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27980"},"modified":"2025-05-21T22:47:01","modified_gmt":"2025-05-21T22:47:01","slug":"vaneck-to-launch-avalanche-ecosystem-fund","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27980","title":{"rendered":"VanEck to launch Avalanche ecosystem fund"},"content":{"rendered":"
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\"VanEck<\/p>\n

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.<\/p>\n

The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence.\u00a0<\/p>\n

Idle capital will be deployed into Avalanche (AVAX<\/a>) real-world asset (RWA) products, including tokenized money market funds, VanEck said.<\/p>\n

The fund will be managed by the team behind VanEck\u2019s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21.\u00a0<\/p>\n

\u201cThe next wave of value in crypto will come from real businesses, not more infrastructure,\u201d Pranav Kanade, portfolio manager for DAAF, said in a statement.<\/p>\n

\"VanEck
RWAs are among crypto\u2019s fastest-growing segments. Source: <\/em>RWA.xyz<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Tokenized stocks could top $1T in market cap \u2014 Execs<\/strong><\/em><\/a><\/p>\n

Thematic crypto funds<\/h2>\n

VanEck\u2019s PurposeBuilt Fund is the latest in a series of funds from the asset manager and rivals designed to offer exposure to projects and companies in fast-growing segments of Web3.\u00a0<\/p>\n

On May 14, VanEck launched a new actively managed exchange-traded fund<\/a> (ETF) to invest in stocks and financial instruments providing exposure to the digital economy.<\/p>\n

In April, VanEck launched another ETF investing in a passive index of companies operating in the crypto space.\u00a0<\/p>\n

Asset managers such as VanEck are requesting the US Securities and Exchange Commission\u2019s (SEC)\u00a0permission to list upward of 70 crypto<\/a>\u00a0ETFs.\u00a0<\/p>\n

The wave of ETF filings is in response to US President Donald Trump softening the agency\u2019s regulatory stance toward crypto after Trump took office in January.<\/p>\n

\"VanEck
Avalanche TVL as of May 21. Source: <\/em>DefiLlama<\/em><\/a><\/figcaption><\/figure>\n

Avalanche RWA ecosystem<\/h2>\n

Avalanche has emerged as a hub for real-world assets (RWAs) and other institutional-oriented crypto projects. <\/p>\n

Its interrelated networks, called subnets, allow institutions to run Ethereum-style smart contracts in a controlled environment.\u00a0On May 16, Solv Protocol launched a yield-bearing Bitcoin token<\/a> on the Avalanche blockchain, targeting institutional investors<\/p>\n

Avalanche has around $1.5 billion in total value locked (TVL) as of May 21, according to data<\/a> from DefiLlama.\u00a0<\/p>\n

\u201cWe\u2019re seeing a shift away from speculative hype toward real utility and sustainable token economies,\u201d John Nahas, chief business officer at Ava Labs, said in a statement.<\/p>\n

Magazine:\u00a0<\/strong><\/em>Danger signs for Bitcoin as retail abandons it to institutions \u2014 Sky Wee<\/strong><\/em><\/a><\/p>\n