{"id":314,"date":"2025-05-21T12:06:08","date_gmt":"2025-05-21T12:06:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/vanecks-new-fund-targets-real-world-utility-in-avalanche-ecosystem\/"},"modified":"2025-05-21T12:06:09","modified_gmt":"2025-05-21T12:06:09","slug":"vanecks-new-fund-targets-real-world-utility-in-avalanche-ecosystem","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/vanecks-new-fund-targets-real-world-utility-in-avalanche-ecosystem\/","title":{"rendered":"VanEck\u2019s new fund targets real-world utility in Avalanche ecosystem"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Asset manager VanEck is launching a long-term digital assets fund focused on Avalanche to back real businesses over hype-driven tokens.<\/p>\n<p>VanEck said Tuesday it will launch the PurposeBuilt Fund in June to invest in tokenized businesses building on Avalanche (AVAX) and focused on long-term value and utility.<\/p>\n<p>In a press release shared with crypto.news, the New York-headquartered asset manager said the fund will back liquid tokens and venture-backed crypto projects in sectors such as gaming, payments, AI, and financial services \u2014 primarily around or after a token generation event. The fund will also deploy idle capital on-chain through Avalanche-native real-world asset products, such as tokenized money market funds.<\/p>\n<p>Pranav Kanade, portfolio manager of the VanEck Digital Assets Alpha Fund, said the fund won\u2019t chase hype or short-term trends, as the next wave of value in \u201ccrypto will come from real businesses, not more infrastructure.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p> \u201cAvalanche has become a magnet for thoughtful builders, and with the VanEck PurposeBuilt Fund, we\u2019re bringing capital and conviction to the founders creating lasting value, not chasing momentum.\u201d<\/p>\n<p>Pranav Kanade<\/p>\n<\/blockquote>\n<p>The new vehicle will be managed by the team behind the VanEck Digital Assets Alpha Fund, which has over $100 million in assets under management and launched in 2022.<\/p>\n<p>The announcement comes amid growing institutional interest in Avalanche, with Grayscale recently filing to convert its Avalanche Trust, launched in August 2024, into a spot exchange-traded fund. In late March, the firm submitted a 19b-4 filing to Nasdaq to list the fund and offer regulated exposure to AVAX, though it still requires SEC approval.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asset manager VanEck is launching a long-term digital assets fund focused on Avalanche to back real businesses over hype-driven tokens. VanEck said Tuesday it will launch the PurposeBuilt Fund in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=314"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/314\/revisions"}],"predecessor-version":[{"id":316,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/314\/revisions\/316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/315"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}