{"id":129739,"date":"2025-05-21T23:15:51","date_gmt":"2025-05-21T23:15:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129739"},"modified":"2025-05-21T23:15:51","modified_gmt":"2025-05-21T23:15:51","slug":"vaneck-to-launch-avalanche-ecosystem-fund","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129739","title":{"rendered":"VanEck to launch Avalanche ecosystem fund"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsVanEck 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.<br \/>\nThe 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.\u00a0<br \/>\nIdle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said.<br \/>\nThe fund will be managed by the team behind VanEck\u2019s Digital Assets Alpha Fund (DAAF), which oversees more than $100 million in net assets as of May 21.\u00a0<br \/>\n\u201cThe next wave of value in crypto will come from real businesses, not more infrastructure,\u201d Pranav Kanade, portfolio manager for DAAF, said in a statement.<br \/>\nRWAs are among crypto\u2019s fastest-growing segments. Source: RWA.xyzRelated: Tokenized stocks could top $1T in market cap \u2014 Execs<br \/>\nThematic crypto funds<br \/>\nVanEck\u2019s PurposeBuilt Fund is the latest in a series of funds from the asset manager and rivals designed to offer exposure to projects and companies in fast-growing segments of Web3.\u00a0<br \/>\nOn May 14, VanEck launched a new actively managed exchange-traded fund (ETF) to invest in stocks and financial instruments providing exposure to the digital economy.<br \/>\nIn April, VanEck launched another ETF investing in a passive index of companies operating in the crypto space.\u00a0<br \/>\nAsset managers such as VanEck are requesting the US Securities and Exchange Commission\u2019s (SEC)\u00a0permission to list upward of 70 crypto\u00a0ETFs.\u00a0<br \/>\nThe wave of ETF filings is in response to US President Donald Trump softening the agency\u2019s regulatory stance toward crypto after Trump took office in January.<br \/>\nAvalanche TVL as of May 21. Source: DefiLlamaAvalanche RWA ecosystem<br \/>\nAvalanche has emerged as a hub for real-world assets (RWAs) and other institutional-oriented crypto projects.<br \/>\nIts interrelated networks, called subnets, allow institutions to run Ethereum-style smart contracts in a controlled environment.\u00a0On May 16, Solv Protocol launched a yield-bearing Bitcoin token on the Avalanche blockchain, targeting institutional investors<br \/>\nAvalanche has around $1.5 billion in total value locked (TVL) as of May 21, according to data from DefiLlama.\u00a0<br \/>\n\u201cWe\u2019re seeing a shift away from speculative hype toward real utility and sustainable token economies,\u201d John Nahas, chief business officer at Ava Labs, said in a statement.<br \/>\nMagazine:\u00a0Danger signs for Bitcoin as retail abandons it to institutions \u2014 Sky Wee<a href=\"https:\/\/cointelegraph.com\/news\/vaneck-launch-avalanche-rwa-ecosystem-fund?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsVanEck 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129739"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129739"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129739\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129739"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}