VanEck to List First US Spot AVAX ETF VAVX on Nasdaq With Staking Rewards and $500M Fee Waiver

VanEck is launching VAVX, described as the first US spot AVAX ETF, on Nasdaq on January 26 during the Monday trading session, according to an official announcement. The ETF will stake a portion of its AVAX holdings and distribute the net rewards to investors after deducting expenses. VanEck had previously stated it would waive fees on the first $500M of assets flowing into the product.