$AVAX $RAVE $NIGHT ๐จ๐๐VanEck's new Avalanche ETF filing๐ฅ to include staking๐ฅ rewards for #AVAX investors
The fund๐ต will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund๐ต๐ธ๐ฒ and reflected in its net asset value ๐ธ VanEck has updated its filing for an #Avalanche ETF, #VAVX to include staking๐ฅ rewards, aiming to generate income ๐ธ๐ฒ for investors by staking up to 70%๐ฅ of its AVAX holdings.
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
If approved, the fund will trade on Nasdaq under the ticker VAVX tracking #AVAX price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody
