Avalanche Avalanche AVAX
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Price
18.21 USD
% Change
2.59%
Market Cap
7.68B USD
Volume
146M USD
Circulating Supply
422M
550% from all time low
696% to all time high
9885% from all time low
291% to all time high
59% are in circulation
Circulating Supply
422,198,407.473437
Max Supply
720,000,000

Avalanche Secures Institutional Backing as VanEck Launches Purposebuilt Fund

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VanEck, one of the world’s leading asset managers, has launched the Purposebuilt fund — a dedicated investment vehicle focused on backing real-world use cases built on Avalanche. The initiative is managed by VanEck’s Digital Assets Alpha Fund team, known for one of the top-performing token funds in the industry, with over $100M in assets under management.

Purposebuilt emphasizes long-term value and real utility over hype-driven speculation. It will fund a mix of liquid tokens and early-stage ventures, with capital deployed directly into Avalanche-native real-world asset products, such as tokenized money market funds.

Event date: May 29, 2025 UTC
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May 29 18:58 (UTC)
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