VanEck's US AVAX Spot ETF Launches on Nasdaq Today

Odaily News Avalanche posted on platform X that the US AVAX spot ETF VAVX, launched by ETF issuer VanEck, will be listed on Nasdaq today (Monday's trading day). It is reported that the ETF will stake a portion of its held AVAX, and the generated rewards (after deducting fees) will be returned to holders. Issuer VanEck previously stated that it will waive fees for the first $500 million in assets under management.