🤑 AVAX ETF: Staking Rewards & Society’s Latest Fad! 🤑

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Finance

What to know, dear reader:

  • VanEck, in a most enterprising manner, has revised its filing for an Avalanche ETF, VAVX, to include the fashionable pursuit of staking rewards. The intention, it seems, is to generate income for investors by staking up to 70% of its AVAX holdings – a scheme that may well be the envy of many a fortune-seeker. 💰
  • The fund, with a touch of practicality, shall engage Coinbase Crypto Services as its initial staking provider, remitting a modest 4% service fee. The rewards, one presumes, shall accrue to the fund and be reflected in its net asset value, a detail that ought to satisfy even the most discerning investor. 📈
  • Should this venture receive approval, the fund shall trade on Nasdaq under the ticker VAVX, tracking AVAX’s price via a custom index. The tokens, it is assured, shall be custodied with regulated providers, including the esteemed Anchorage Digital and Coinbase Custody, whose cold wallets are said to be the very epitome of security. 🔒

VanEck, in its latest endeavor, has amended its filing for an Avalanche exchange-traded fund, VAVX, to incorporate the novel practice of staking rewards, thereby endeavoring to generate income for its investors. A most ambitious undertaking, would you not agree? 🧐

In an amended S-1, presented with great ceremony to the U.S. Securities and Exchange Commission, the firm revealed that the fund may stake up to 70% of its AVAX holdings to produce yield, with Coinbase Crypto Services designated as the initial staking provider. A partnership, one might say, born of mutual convenience. 🤝

The rewards, after deducting a 4% service fee from Coinbase, shall accrue to the fund and be reflected in the ETF’s net asset value. A transparent arrangement, though one wonders if the fee might not be a trifle excessive. 🤔

Under this plan, AVAX shall be entrusted to regulated custodians, including the aforementioned Anchorage Digital and Coinbase Custody, both of whom store tokens offline in cold wallets. A precaution, no doubt, against the vagaries of the digital world. ❄️

The fund, it is assured, shall not employ leverage or derivatives, and shall track AVAX’s price through the MarketVector Avalanche Benchmark Rate, a custom index compiled from major exchanges. A straightforward approach, though one can scarcely help but wonder at the complexities beneath the surface. 📊

If approved, the fund shall trade under the ticker VAVX on Nasdaq. Bitwise, not to be outdone, recently updated its spot Avalanche ETF filing with the SEC to similarly enable yield generation. A race, it seems, to capture the hearts and wallets of investors. 🏇

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2025-12-20 22:47