VanEck Launches New Fund Focusing on Real-World Utility in the Avalanche Ecosystem

Asset manager VanEck is launching a dedicated fund to invest in blockchain businesses operating within the Avalanche ecosystem. This new fund, called the PurposeBuilt Fund, will prioritize real-world utility over short-term hype driven by crypto tokens. Scheduled for launch in June, the fund aims to support projects building on Avalanche (AVAX) that provide tangible value and long-term benefits.