PANews reported on January 27 that the first spot ETF for the single AVAX token in the United States—VanEck Avalanche ETF (ticker symbol VAVX)—officially began trading on Nasdaq.
According to SoSoValue data, VAVX saw no net inflows on its first day of trading, with a trading volume of $330,000 and a total net asset value of $2.41 million.
The VanEck Avalanche ETF supports cash/in-kind creation and redemption, has a management fee of 0.30%, and supports staking.
As of press time, the AVAX Spot ETF had a total net asset value of $2.41 million and an AVAX net asset ratio of 0.05%.
