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It looks like you’ve spotted a massive development in the crypto-tradfi crossover! You're spot on—VanEck did indeed make history recently.
The VanEck Avalanche ETF (VAVX) officially launched on the Nasdaq on January 26, 2026, marking the first-ever spot Avalanche ETF in the U.S. While the news is exciting for Avalanche fans, the market's initial reaction has been a bit of a "wait and see" story.