VanEck's VAVX ETF: First Spot Crypto ETF with Staking Rewards

VanEcks Updated ETF Filing: Staking Rewards for AVAX InvestorsVanEcks amended S-one filing for the Avalanche exchange-traded fund, VAVX, introduces staking rewards to generate yield for investors. The fund could stake up to seventy percent of its AVAX holdings, making it a potential first for spot crypto ETFs if approved by the SEC. Coinbase Crypto Services is the initial staking provider, with rewards going to the fund after a four percent service fee. The setup ensures security with regulated custodians and offline storage in cold wallets. If approved, VAVX could trade on Nasdaq, potentially bringing Avalanche into mainstream investing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.