Overview
- Trading under ticker VAVX, the ETF is the first U.S. product to offer regulated spot exposure to Avalanche’s AVAX.
- VanEck is waiving sponsor fees on the first $500 million in assets through February 28, after which a 0.20% annual fee applies.
- The structure incorporates staking with rewards distributed to shareholders after fees, and Coinbase Crypto Services is set to receive 4% of staking proceeds.
- Benqi Finance, Hypha, and Yield Yak are named as liquid staking providers for the fund, a setup that could influence circulating supply and net yields.
- AVAX hovered near $11.7 as on-chain activity climbed sharply, and competing spot AVAX filings from Grayscale and Bitwise remain pending.