The first AVAX spot ETF in the United States was listed, with no net inflow on the first day

The first AVAX single-token spot ETF in the United States ------ VanEck Avalanche ETF (ticker VAVX) was officially listed and traded on Nasdaq.

According to SoSoValue data, there was no net inflow on the first day of VAVX's listing, with a trading volume of $330,000 and a total net asset value of $2.41 million.

The VanEck Avalanche ETF supports cash/physical redemptions, has a management fee rate of 0.30%, and supports staking.

As of the time of writing, the total net asset value of the AVAX spot ETF is $2.41 million, with an AVAX net asset ratio of 0.05%.