First-Ever AVAX ETF Hits Nasdaq as VanEck Waives Fees on $500M for Avalanche Exposure
Key Takeaways:VanEck Debuts First U.S. Spot Avalanche ETFAvalanche’s Institutional Pitch Moves Onchain Access Forward
High profile users have already been drawn to that design. Several blockchain deployments using the Avalanche infrastructure have been launched by Citi, FIFA, and Games and experimented with by Gunzilla Games, for payment, games, and enterprise applications. That story is now also applied to capital markets through the ETF launch.
AVAX became a part of an expanding list of crypto holdings in the form of exchange-traded funds after spot Bitcoin and Ether ETFs were approved. VAVX can provide allocators limited to regulated vehicles with the opportunity to access a smart contract platform without wallets, private keys, or one-to-one staking systems.
In contrast to other past crypto ETPs, VAVX features an exposure to staking rewards, but this technology is more complex. AVAX staked can be locked when activating and deactivating, restricting liquidity at strenuous market intervals. VanEck has disclosed that third-party service providers will be used, introducing operational and counterparty risk.
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