VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
VanEck has updated its filing for an Avalanche exchange-traded fund, VAVX, to include staking rewards and generate income for investors. In an amended S-1 filed with the U.S. Securities and Exchange Commission, the firm disclosed that the fund may stake up to 70% of its AVAX holdings to generate yield, with Coinbase Crypto Services listed as the initial staking provider. Any rewards, minus a 4% service fee from Coinbase, would accrue to the fund and be reflected in the ETF’s net asset value. Under the ...