Proud to see @vaneck_us launch the first AVAX ETF, marking another meaningful step in institutional adoption of the Avalanche network. @avax is a blockchain platform built for adoption at internet scale, where institutions, enterprises, and governments alike can deploy applications that solve real-world pain point, drive meaningful revenue gains, and enable greater capital and operational efficiency Avalanche’s architecture supports scalable, purpose-built blockchains--interoperable Layer-1 networks across both public/permissionless and private/permissioned environments. This structural flexibility aligns with how institutions think about scalability, compliance, and production-grade infrastructure. As on-chain and off-chain systems continue to converge, innovations like VAVX are foundational in driving institutional access, transparent price discovery, and capital efficiency for AVAX, and underscore Avalanche’s role in powering tomorrow’s embedded-finance infrastructure. Congrats to the VanEck team and the broader Avalanche ecosystem!