VanEck Debuts First U.S.-Based Avalanche ETF as AVAX Stays Under Pressure

Asset Manager VanEck launched the first U.S.-listed Avalanche ETF on January 26, and the product began trading on Nasdaq under the ticker VAVX, offering direct exposure to AVAX along with staking rewards. Despite this, AVAX continued under pressure, trading below $12 and experiencing a weekly fall of almost 7%. VanEck’s