The VanEck Avalanche ETF (VAVX) is a spot exchange-traded fund issued by VanEck that provides direct exposure to AVAX, the native token of the Avalanche blockchain. Launched on January 26, 2026, and listed on Nasdaq under the ticker VAVX, it is the first U.S.-listed ETP to offer both spot AVAX price exposure and potential staking rewards. The fund is structured as a Delaware statutory trust, with shares physically backed by AVAX held in cold storage by a qualified custodian.

Avalanche is a high-performance, customizable Layer-1 blockchain designed for financial and institutional applications. Its native asset, AVAX, is used to pay network fees, secure the network through staking, and serve as the base unit of value across Avalanche's primary network and its subnets. Avalanche's architecture supports near-instant transaction finality and is increasingly used by enterprises and tokenized real-world asset issuers.

VAVX is not registered under the Investment Company Act of 1940 and does not offer the same investor protections as registered funds. The fund charges a sponsor fee of 0.20%, waived for the first $500 million in assets or until February 28, 2026, whichever comes first. Anchorage Digital Bank serves as the primary AVAX custodian with Coinbase Custody Trust Company as secondary custodian, and State Street Bank and Trust Co. serves as cash custodian, administrator, and transfer agent. The Trust plans to make quarterly cash distributions funded by net income from staking, with the first expected in July 2026. AVAX prices are highly volatile, staking rewards are not guaranteed, and investors can lose their entire principal.