VanEck's AVAX Spot ETF Amendment Adds Staking via Coinbase With 70% Allocation
On December 21, VanEck amended its AVAX spot ETF filing to introduce a staking component that would allocate 70% of the fund's AVAX to staking through Coinbase Crypto Services, subject to implementation. The planned structure includes a 4% service fee on staking rewards, aiming to improve yield, while Avalanche trades around $12 with a multi-billion-dollar market capitalization and notable recent price declines. The proposal has yet to receive formal confirmation from VanEck or regulators, leaving market participants to speculate on its potential impact on AVAX demand and ETF design.