VanEck will offer staking rewards in its Avalanche ETF.

VanEck's New Avalanche ETF Application

VanEck has updated its application for the Avalanche exchange-traded fund (ETF), announcing that it will include staking rewards for AVAX investors. With this change, the fund aims to generate income for investors by staking up to 70% of its AVAX assets.

The fund will initially provide staking services through Coinbase Crypto Services and will pay a 4% service fee. The rewards obtained through staking will be reimbursed from the fund and reflected in the fund's net asset value.

If this application is approved, the fund will trade on Nasdaq under the symbol VAVX. The value of the assets in the fund will track the price of AVAX through a customized index. Additionally, the assets in the fund will be held by regulated providers such as Anchorage Digital and Coinbase Custody.