VanEck Adds Staking Rewards Feature to Avalanche ETF Filing

On the 20th, major U.S. asset manager VanEck disclosed that it had amended its Avalanche ETF application submitted to the U.S. Securities and Exchange Commission (SEC), adding a staking rewards feature. According to the revised Form S-1, the fund plans to allocate up to 70% of its held AVAX to staking, aiming to generate yields for investors. Coinbase Crypto Services has been designated as the staking service provider, charging a 4% fee on rewards. After deducting fees, the staking rewards will be recorded in the fund and reflected in the Net Asset Value (NAV). If approved...