VanEck is making strides in the cryptocurrency investment space with its latest move to launch an Avalanche ETF. According to the official information, the firm has filed a third amendment to its S-1 form with the US Securities and Exchange Commission, signaling its commitment to bringing this product to market.
Management Fee and Staking Provider
The newly submitted amendment outlines a management fee of 0.30%, which is competitive within the ETF landscape. Additionally, VanEck has selected Coinbase as the staking provider for the fund, indicating a strategic partnership with a well-known player in the crypto industry.
Regulatory Approval and Listing
If the ETF receives regulatory approval, it will be listed on Nasdaq under the ticker symbol VAVX. The fund aims to track the price performance of Avalanche's native token, AVAX, providing investors with a new avenue to gain exposure to this rapidly growing blockchain ecosystem.
Aave has recently launched Horizon, a market aimed at institutional investors to utilize tokenized real-world assets for stablecoin borrowing, contrasting with VanEck's focus on cryptocurrency ETFs. For more details, see Horizon.
