VanEck Avalanche ETF

VanEck Avalanche ETF is a U.S.-listed exchange-traded fund structured to provide investors with exposure to AVAX, the native digital asset of the Avalanche blockchain network. The fund holds AVAX and calculates its net asset value based on the market value of those holdings, with shares trading on an exchange under the ticker VAVX.

— VanEck Avalanche ETF
%
ETF shares70% Listed fund shares that investors buy and sell on an exchange for AVAX exposure.
Digital asset holdings20% Underlying AVAX positions held by the trust to support the fund's NAV.
Staking income10% Income generated from staking activities tied to the fund's AVAX holdings.

The fund is bought by investors seeking regulated market exposure to AVAX without directly holding or self-custodying...

  • Retail brokerage investorsprimary

    Buy ETF shares for simple exchange-traded exposure to AVAX price moves.

  • Institutional allocatorssecondary

    Use the fund for portfolio exposure to Avalanche within regulated accounts.

  • Crypto-focused investorsprimary

    Seek targeted exposure to the Avalanche ecosystem and its native token.

The fund is organized in the United States and its shares trade on a U.S. exchange. Its economic exposure is global...

  • •U.S.-organized ETF with shares listed on a U.S. exchange
  • •AVAX exposure depends on global digital-asset market liquidity
  • •U.S. regulation is central to fund operations and investor access
  • •Blockchain activity and trading are not limited to one country

The fund's core strategy is to provide exchange-traded exposure to AVAX through a structure that tracks the token's...

01
Maintain tight linkage to AVAX priceshort-term

The fund's value proposition depends on tracking the underlying token closely.

02
Support staking-related yieldmedium-term

Staking income can enhance total return for holders if operationally and legally permitted.

03
Preserve investability through a regulated wrapperlong-term

ETF structure lowers custody and wallet complexity for investors.

The fund is exposed to AVAX price volatility, liquidity changes, and regulatory actions that could restrict...

high

AVAX market price volatility

The trust holds AVAX directly, so NAV moves with token price.

Scope
NAV per share and investor returns
Materiality
high
high

Digital asset regulation

U.S. and state rules could limit trading, custody, staking, or wallet use.

Scope
Fund operations and AVAX market access
Materiality
high
high

Liquidity and fungibility risk

Sanctions or tainted-token concerns may create discounts and reduce tradability.

Scope
AVAX market liquidity and pricing
Materiality
high
medium

Exchange and custody ecosystem risk

The fund depends on digital-asset infrastructure and counterparties.

Scope
Trading, custody, and operational continuity
Materiality
medium
Fair value measurement of AVAX
Primary driver of reported results
Staking income recognition
Net investment income
NAV calculation and valuation timing
NAV per share
Unrealized depreciation on digital assets
Net assets from operations

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: 16/06/2026