Global investment giant VanEck has announced that it will launch its Avalanche-focused fund next June. VanEck announced plans to launch its VanEck PurposeBuilt fund in June, focused on investing in Avalanche (AVAX)-based projects. The AVAX-based fund, which will be managed by VanEck’s Digital Assets Alpha Fund, will focus on sectors such as gaming, financial services and artificial intelligence. Pranav Kanade, portfolio manager of VanEck Digital Assets Alpha Fund, said the fund is not looking to chase advertising or short-term trends but is thinking long-term. “The next wave of value in crypto will come not from more infrastructure, but from real businesses. Avalanche has become a magnet for thoughtful builders, and with the VanEck PurposeBuilt Fund, we bring capital and belief to founders, not chasing momentum, but creating enduring value.” Apart from VanEck, Grayscale also has Avalanche Trust, which launched in August 2024. However, Grayscale has filed with the SEC to convert Avalanche Trust into a spot ETF. At this point, institutional interest in Avalanche continues to grow, while Grayscale is still awaiting SEC approval. *This is not investment advice.