VanEck’s Latest Crypto Stunt – Is This the Big Break or Just More Noise?
- VanEck is launching a PurposeBuilt Fund for Avalanche projects. Because, sure, who doesn’t want real-world utility? 🥱
- And wait, they’re filing for the first U.S. spot BNB ETF while everyone’s eyes are glazing over. Because, you know, it’s not like everyone’s already confused enough. 😵
So, VanEck’s “expanding” — in 2025, no less — with a PurposeBuilt Fund, because apparently, they’re serious this time. Or so they say. It’s like they’re trying to be the ‘serious’ ones in this crypto circus, I guess.
This fund is gonna invest in companies on the Avalanche [AVAX] blockchain — developers creating tokens, delivering “sustainable value,” whatever that means. Basically, they’re throwing darts at a board of blockchain projects and hoping some hit the target.
According to the genius press release:
“The Fund will invest in liquid tokens and venture-backed projects—spanning industries like gaming, financial services, payments, and AI—usually right after a Token Generation Event. Because, hey, why not — fundamentals, who needs ‘em?”
Will PurposeBuilt Fund be the next big thing? Or just another distraction? 🤔
To look efficient with their cash, they’re gonna put idle assets into Avalanche-native stuff like tokenized money market funds. Yeah, because nothing screams stability like a tokenized money market fund in crypto, am I right?
This whole thing is run by the same team that manages VanEck’s Digital Assets Alpha Fund, led by some guy named Pranav Kanade. He’s very confident that:
“The next wave of value in crypto will come from real businesses, not more infrastructure.” Basically, they’re saying, “We’re finally moving past the dirt and rocks stage.”
They’re trying to solve a big problem: helping “credible” projects rise above the noise of short-term gambling. Because that’s the real challenge, isn’t it?
John Nahas from Ava Labs called this a milestone, which is a fancy word for “they finally did something that might matter.” He also said, “VanEck PurposeBuilt Fund is bringing long-term capital — and, hopefully, some sense — to crypto builders.” Or at least, that’s the hope.
“This fund reinforces Avalanche as the place for serious folks building real stuff.”
Avalanche’s happy too, of course. Check out this snazzy image:
And what about AVAX’s price? Or does that even matter anymore? 📈
Well, AVAX is hanging out around $24.29 — up 7.45% today, and a 44% rise over the year. Because, sure, it’s all just numbers, right? Who’s really paying attention?
And oh, by the way, VanEck isn’t stopping there. They also filed with the SEC to get a spot BNB ETF approved in the U.S. Because, you know, more ETFs means fewer questions, right? Or just more confusion.
If that gets the green light, U.S. investors can finally buy Binance Coin directly — because nothing says “serious investing” like a regulated ETF for a coin most people can’t pronounce.
Meanwhile, over 70 other altcoin ETF applications are swirling around in regulatory limbo, like a never-ending game of crypto musical chairs. Fun times! 🎉
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2025-05-22 18:24