The VanEck AVAX spot ETF saw zero net inflows on its first day of trading.

This article is machine translated
Show original

According to Techub News and SoSoValue data, the first US-listed AVAX single-token spot ETF, VanEck Avalanche ETF (VAVX), has been listed and traded on Nasdaq. On its first day of trading, there were no net inflows, with a trading volume of $330,000 and a total net asset value of $2.41 million. The ETF supports cash/physical redemption, has a management fee of 0.30%, and supports staking. Its total net asset value remains at $2.41 million, and its AVAX net asset ratio is 0.05%.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments