Professor Emin Gün Sirer, founder of Ava Labs, explained the most fundamental characteristics that distinguish the newly announced Avalanche ($AVAX) Compared to other virtual currency ETFs, it is unique in that it actively incorporates a “staking” process.
The launch of Avalanche ETF is different from existing products on the market. Bloomberg HT guest Professor Emin Gün Schiller shared details of this new investment vehicle announced by VanEck.
Shiller said traditional ETFs offer investors the ability to own crypto assets without having to set up a wallet or deal with complex transactions. But he emphasized that what's special about the Avalanche ETF is that it's not just a passive investment vehicle. This ETF uses its security to actively contribute to network security. $AVAX Tokens in staking operations.
Noting that the new product was launched by Wall Street veteran VanEck, Shiller said, “The Avalanche ETF has unique aspects that set it apart from all other crypto ETFs. It includes staking, which gives U.S. investors the right to strengthen the security of the network and profit from this process.”
Regarding interest in ETFs and expectations for future market share, Siler argued that the success of such financial products should be measured by long-term performance rather than initial data. He said it will take time for investors to add these assets to their portfolios, and that he believes cryptocurrencies and Avalanche will remain relevant in the long term despite global risks and macroeconomic developments.
*This is not investment advice.
