VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors

Group 1 - VanEck has amended its filing for the Avalanche exchange-traded fund (ETF), VAVX, to include staking rewards for investors [1] - The fund may stake up to 70% of its AVAX holdings to generate yield, with Coinbase Crypto Services as the initial staking provider [1] - Rewards from staking, after a 4% service fee from Coinbase, will accrue to the fund and impact the ETF's net asset value [1] Group 2 - AVAX will be held with regulated custodians, including Anchorage Digital and Coinbase Custody, which store tokens offline in cold wallets [2] - The fund will not use leverage or derivatives and will track AVAX's price through the MarketVector Avalanche Benchmark Rate [2] - If approved, the fund will trade under the ticker VAVX on Nasdaq [3]