TechFlow News: On January 27, the U.S.’s first single-token spot ETF for AVAX—the VanEck Avalanche ETF (ticker: VAVX)—officially began trading on the Nasdaq.
According to SoSoValue data, VAVX recorded zero net inflows on its first trading day, with a trading volume of $330,000 and total assets under management (AUM) of $2.41 million.
The VanEck Avalanche ETF supports both cash and in-kind creation/redemption, carries a management fee of 0.30%, and allows staking.
As of press time, the total AUM of AVAX spot ETFs stands at $2.41 million, representing an AVAX net asset ratio of 0.05%.
Add to Favorites
Share to Social Media
