U.S. Launches First Physical Avalanche ETF, Offered by VanEck

On the 26th, U.S. asset management firm VanEck announced the commencement of trading for the VanEck Avalanche ETF, a physical exchange-traded fund (ETF) based on Avalanche. This marks the first Exchange Traded Product (ETP) in the United States to offer investment in Avalanche's native token, AVAX. The company has declared a full exemption from sponsor fees until its managed assets reach $500 million or until February 28, 2026, whichever comes first. After this period, the fees will be set at 0.20%. Investors will have the opportunity to invest in the price fluctuations of Avalanche (AVAX) and the potential for staking rewards. Related: 21Shares launches Ethereum ETF for staking...