VanEck Debuts First U.S.-Based Avalanche ETF as AVAX Stays Under Pressure

TheNewsCryptoPublished on 2026-01-27Last updated on 2026-01-27

Abstract

VanEck launched the first U.S.-listed Avalanche ETF (VAVX) on January 26, offering direct exposure to AVAX and staking rewards. Despite this, AVAX remained under pressure, trading below $12 with a weekly decline of nearly 7%. The fund will waive fees for the first $500 million in assets until February 28, 2026, and can stake up to 70% of its holdings, potentially reducing market supply. Currently priced at $11.77, AVAX shows weak momentum with a declining trading volume. Key support lies at $11, while a break above $13 could lead to a move toward $14–$15.

Asset Manager VanEck launched the first U.S.-listed Avalanche ETF on January 26, and the product began trading on Nasdaq under the ticker VAVX, offering direct exposure to AVAX along with staking rewards. Despite this, AVAX continued under pressure, trading below $12 and experiencing a weekly fall of almost 7%.

During the period of VanEck Avalanche ETF from January 26, 2026, to February 28, 2026, VanEck will waive the entire Fee for the first $500 million of the assets. If the Trust’s assets exceed $500 million before February 28, 2026, the Fee charged on assets over $500 million will be 0.20%, as per the document.

In addition, the fund can stake up to 70% of its AVAX holdings, which could lock a meaningful portion of supply and reduce tokens available on the open market if demand holds up.

AVAX Price Analysis

With that, AVAX price is currently trading at $11.77, with 1.11% up today. Despite the modest daily bounce, the 24-hour trading volume is declining more than 20%, as it is down nearly 8% over the past month, as of writing.

Then, the open interest climbed 10.43% to $492 million, which indicates that traders are opening new positions despite slowing trading volume, as per Coinglass data. Which is a phase that could lead to a sharper price move once AVAX breaks out of its current range.

AVAX is trading around the $11.50-$12.00 support zone, and the overall trend is staying bearish as prices continue to create lower highs and lower lows.

Further indicators, RSI (Relative Strength Index), which is sitting at 39, a neutral zone, indicate a weak momentum. Meanwhile, MACD (Moving Average Convergence and Divergence) is showing strong selling pressure, as confirmed by the MACD line being below the signal line.

The price has immediate support at $11, with a further pullback potentially exposing the $10; while on the upside, a clear push above $13.00 might allow the price to stretch beyond the $14.00-$15.00 range.

Highlighted Crypto News Today:

‌US Wall Street Indexes Close Higher as Crypto Market Maintains its Trade Price

Fidelity launches FIDD on Ethereum – Could this boost ETH?

Fidelity, a $5.9 trillion asset manager, has announced the launch of its own stablecoin, FIDD, on the Ethereum network. This move leverages Ethereum's existing dominance, as it already controls 56% of the stablecoin market and 60% of the Real-World Asset (RWA) sector's TVL. The launch is expected to boost on-chain liquidity, facilitate smoother capital flows across DeFi, and strengthen Ethereum's position as the leading DeFi hub. Consequently, increased network activity could lead to higher transaction fees, more ETH burned, and a potential supply squeeze. On-chain data shows whales are accumulating and staking ETH, with staked ETH reaching an all-time high of 36.5 million. This strategic decision by Fidelity underscores Ethereum's robust fundamentals and could further solidify its long-term technical advantage.

ambcrypto23m ago

Fidelity launches FIDD on Ethereum – Could this boost ETH?

ambcrypto23m ago

Illicit Crypto Flows Hit Record $158 Billion In 2025, TRM Says

According to TRM Labs, illicit crypto flows reached a record $158 billion in 2025, driven by increasingly sophisticated scams using AI tools. Large language models, deepfakes, and voice cloning were employed to create believable messages and fake personas, helping fraudsters build trust before soliciting money through fake investments or false emergencies. These operations often function like small companies, using phishing kits and AI services to scale their efforts. While scam proceeds slightly decreased to $35 billion, the overall volume of criminal activity rose significantly. Despite improvements in scam-detection technology, the use of AI makes scams harder to identify and more convincing.

bitcoinist24m ago

Illicit Crypto Flows Hit Record $158 Billion In 2025, TRM Says

bitcoinist24m ago

Once Laughed at as Crazy, Now Studied Frame by Frame: Justin Sun and the Decade-Long Comeback of 'Sun Studies'

The article chronicles the decade-long transformation of Justin Sun's public perception from being ridiculed to becoming a subject of intense study, known as "Sun Studies" or "Sun Xue." In early 2026, his decade-old book, *The World is Both Cruel and Tender*, surged to the top of WeRead's bestseller list, sparking widespread discussion on social media about his methods and philosophy. The core of "Sun Studies" is summarized as the "essence of winning." Despite an ordinary background, Sun made high-risk, high-reward bets throughout his career, from leveraging Bitcoin and Tesla stock to entering the crypto world. He consistently stayed at the table through regulatory shifts, market crashes, and public criticism, exemplified by his strategic acquisition of Huobi HTX. His investment philosophy centers on "doing what is correct from the future's perspective." This was demonstrated by his early bets on disruptive trends, founding the TRON blockchain, acquiring Steemit, purchasing and tokenizing a Picasso painting, and promoting concepts like the HTX DAO and decentralized platforms. The article draws a parallel between Sun and Elon Musk, describing Sun's tactics as a form of "dimensional reduction attack" from an outsider's perspective. His headline-grabbing stunts, like the record-breaking巴菲特午餐 (Buffett lunch) and eating a $6.2 million artwork banana, were calculated moves to capture global attention and reshape value perception through consensus and narrative. A key tenet of "Sun Studies" is the rejection of traditional stability. Sun advocates embracing uncertainty as the true incubator of wealth and freedom, allowing one to avoid compromising values for money. The article concludes by highlighting his most formidable, and perhaps inimitable, trait: an unyielding will and resilience that allowed him to thrive under immense pressure and constant scrutiny. Ultimately, "Sun Studies" represents a clear-eyed realism—acknowledging the world's cruelty while recognizing it rewards those who understand its rules and are willing to face the consequences.

marsbit36m ago

Once Laughed at as Crazy, Now Studied Frame by Frame: Justin Sun and the Decade-Long Comeback of 'Sun Studies'

marsbit36m ago

Profit Per Capita of $90 Million: The Largest Private Buyer of Gold on Earth

Tether, the company behind the world's largest stablecoin USDT, has become the largest private holder of gold globally, with approximately 140 tons valued at around $24 billion—surpassing the gold holdings of several national banks. With a business model that profits from U.S. Treasury investments, Tether reported over $13 billion in net profit in 2024 and is on track to reach $15 billion in 2025. The company is aggressively purchasing gold, spending about $1 billion monthly, storing it in a repurposed nuclear bunker in Switzerland. Tether has also hired top gold traders from institutions like HSBC to build its trading platform and gain market leverage. Beyond physical gold, Tether has invested in gold royalty companies and issues a gold-backed token, XAUT, which accounts for 60% of the gold token market. CEO Paolo Ardoino views gold as a safer store of value than fiat currencies, especially amid global monetary instability and dollar volatility. Tether’s strategy reflects a broader trend of diversifying away from traditional financial systems and preparing for potential currency crises.

marsbit52m ago

Profit Per Capita of $90 Million: The Largest Private Buyer of Gold on Earth

marsbit52m ago

SEC reaffirms tokenized stocks must follow existing securities laws

The U.S. SEC reaffirmed that tokenized stocks must comply with existing federal securities laws, regardless of whether they are issued on-chain or off-chain. The regulator emphasized that all securities must be registered unless an exemption applies. Tokenized stocks fall into two categories: issuer-sponsored and third-party sponsored, each offering different rights and protections. Wall Street firms, including Citadel and JPMorgan, opposed broad exemptions for DeFi platforms handling tokenized securities, warning that such exemptions could undermine investor protection and cause market disruptions. They called for DeFi platforms to be regulated similarly to traditional financial institutions. Despite opposition from traditional finance, the DeFi sector has seen significant growth, with nearly 300,000 holders and total traded value approaching $1 billion. The industry continues to advocate for certain exemptions, and the final regulatory framework may reflect a compromise between these opposing views.

ambcrypto1h ago

SEC reaffirms tokenized stocks must follow existing securities laws

ambcrypto1h ago

Trading

Spot

Futures