VanEck has launched the first US-listed exchange-traded fund tied to Avalanche’s native token, AVAX, marking another step in the expansion of crypto-linked investment products. The fund, trading under the ticker VAVX, began trading on Monday, January 26, and includes exposure to both AVAX price movements and staking rewards.
The ETF provides regulated access to Avalanche, an EVM-compatible blockchain developed by Ava Labs that focuses on scalability, interoperability, and smart contract functionality. AVAX is currently the 33rd-largest cryptocurrency by market capitalization, positioning the fund outside the dominant bitcoin and ether-focused ETF category.
VanEck said it will waive sponsor fees on the first $500 million in assets or until late February, after which a 0.20% fee will apply. The launch adds to VanEck’s growing lineup of crypto ETFs and reflects increasing institutional interest in diversified blockchain exposure beyond core assets.
