VanEck has revised its AVAX Spot ETF filing (VAVX) to embed a staking rewards framework, proposing a 70% stake of AVAX holdings to generate yield for investors within the fund structure.
The plan designates Coinbase Crypto Services as the initial staking provider, with a 4% service fee applied. Staking rewards would accrue to the fund and be reflected in the NAV.
Custody is supported by Anchorage Digital and Coinbase Custody, ensuring governance and asset protection for the staked AVAX position.
If approved, the proposed approach would articulate staking activity and its effect on NAV, enhancing investment visibility for holders and market participants tracking the ETF’s yield profile.
Source: https://en.coinotag.com/breakingnews/vanecks-avax-spot-etf-vavx-to-stake-70-of-holdings-for-yield-with-4-staking-service-fee-via-coinbase-crypto-services
