Gate Research: VanEck Launches the First AVAX Spot ETF | Zerohash in Talks for a New Funding Round

• Market Commentary: Government shutdown risks and tariff brinkmanship are jointly weighing on global growth expectations, pushing risk-off sentiment higher. While Bitcoin remains within a controlled pullback, its overall price structure is showing clear signs of fatigue. After confirming a large head-and-shoulders reversal on the daily chart, Ethereum is hovering around USD 2,900, and downside risks warrant close attention.
• Trending Tokens: ACU surged over 34%, driven by broader market access and improving on-chain utility. BTR jumped more than 93%, largely reflecting capital rotation into high-volatility altcoins. Axie Infinity’s launch of bAXS helped propel AXS up by over 32%.
• Alpha Insights: Blockchain infrastructure firm Zerohash is in talks to raise around USD 250 million, with a potential valuation of USD 1.5 billion. Goldman Sachs expects the January FOMC meeting to be largely uneventful, with the first rate cut of the year likely starting in June. Meanwhile, ETF issuer VanEck’s first AVAX spot ETF, VAVX, began trading on Nasdaq on Monday.

Discover more details today → VanEck Launches the First AVAX Spot ETF | Zerohash in Talks for a New Funding Round

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Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
January 27, 2026

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