VanEck Avalanche ETF (VAVX)

VanEck Avalanche ETF (VAVX) is an exchange-traded product that provides exposure to AVAX, the native token of the Avalanche blockchain network. It is designed to track the price of AVAX, less fund expenses, without requiring investors to buy, store or secure the digital asset themselves.

Avalanche is a smart contract platform used for decentralized applications, digital asset issuance and custom blockchain networks, and AVAX is used to pay transaction fees and secure the network through staking. The fund holds AVAX through a third-party custodian, and its value moves with the market price of the token.

The fund is sponsored by VanEck, a New York-based asset manager that also offers spot bitcoin, ether and other digital asset ETFs.