VanEck AVAX Spot ETF VAVX Records Zero Net Inflows on First Day of Listing

Techub News reports, according to SoSoValue data, the first U.S. AVAX single-token spot ETF, the VanEck Avalanche ETF (VAVX), has been listed and started trading on NASDAQ. On its first trading day, it saw zero net inflows, with a trading volume of $330,000 and a total net asset value of $2.41 million. This ETF supports cash/physical creation and redemption, has a management fee rate of 0.30%, and supports staking; its total net asset value remains $2.41 million, with an AVAX net asset ratio of 0.05%.