VanEck to launch Avalanche ecosystem fund

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence. Idle capital will be deployed into Avalanche AVAX AVAX - $23.170 real-world asset (RWA) products, including tokenized money market funds, VanEck said.

Source: cointelegraph.com

Related symbols: AVAXUSD

2025-05-21 22:44:03 GMT.

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Price & Market Data

Price: $23.170

Volume 24h: $442,708,801.93

Market Cap: $9,757,091,510.12

Description

Avalanche (AVAX) is a cryptocurrency launched in 2020. Avalanche has a current supply of 456,105,053.8613688 with 421,102,353.8613688 in circulation. The last known price of Avalanche is 23.15516392 USD and is down -7.01 over the last 24 hours. It is currently trading on 915 active market(s) with $447,407,645.90 traded over the last 24 hours. More information can be found at https://avax.network/.