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Avalanche

Yield Yak

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul class="wp-block-list">
 <li>AVAX price rose over 6% despite market uncertainty.</li>
 <li>VanEck filed an S-1 amendment for Avalanche ETF.</li>
 <li>It revealed a management fee of 0.30% and Coinbase Crypto Services as staking provider.</li>
</ul>
<p>AVAX price rose over 6% as VanEck advanced toward launching its Avalanche ETF in the United States.</p>
<p>VanEck filed an S-1 amendment with the U.S. Securities and Exchange Commission (SEC), disclosing management fees, the staking provider, and other key details.</p>
<h2 class="wp-block-heading" id="h-vaneck-updates-avalanche-etf-filing-with-us-sec"><strong>VanEck Updates Avalanche ETF Filing with US SEC</strong></h2>
<p>VanEck submitted a third amendment to its S-1 form for the proposed spot Avalanche ETF, according to a <a href="https://www.sec.gov/Archives/edgar/data/2060717/000162828025057913/vaneckavalancheetfs-1a3.htm" target="_blank" rel="noreferrer noopener nofollow">filing</a> with the US SEC.</p>
<p>The latest filing lists a management fee of 0.30%, with no fee waiver announced. By comparison, Bitwise set a 0.34% fee and waived it for one month or until assets under management reach $500 million.</p>
<p>The issuer has named Coinbase Crypto Services as the staking provider. The VanEck Avalanche ETF will generate rewards by staking a portion of the trust’s AVAX.</p>
<p>The staking provider will regularly credit staking rewards after deducting any applicable compensation, including the custodian staking facilitation fee.</p>
<p>Coinbase Crypto Services will deduct 4% from staking rewards under the ‘staking provider consideration’ agreement. The custodian staking facilitation fee is currently zero.</p>
<p>Benqi Finance (sAVAX), Hypha (STAVAX), and Yield Yak (yyAVAX) will provide liquid staking solutions.</p>
<h2 class="wp-block-heading" id="h-other-details-of-vaneck-avalanche-avax-etf"><strong>Other Details of VanEck Avalanche (AVAX) ETF</strong></h2>
<p>If approved, the Avalanche ETF will list and trade on Nasdaq under the <a href="https://www.thecoinrepublic.com/2025/11/27/breaking-vaneck-avalanche-etf-to-list-under-ticker-vavx-on-nasdaq-avax-price-soars-7/">ticker symbol VAVX</a>. VanEck is awaiting SEC approval under the generic listing guidelines.</p>
<p>The investment objective is to reflect AVAX price performance and rewards from staking a portion of the trust’s AVAX assets. The ETF will track AVAX price using the MarketVector Avalanche Benchmark Rate price index.</p>
<p>Anchorage Digital Bank will serve as primary custodian, with Coinbase Custody Trust Company as secondary custodian for the trust.</p>
<p>State Street Bank and Trust Co. will act as cash custodian, administrator, and transfer agent. Van Eck Securities Corporation will serve as the marketing agent.</p>
<p>The firm is seeking regulatory approval from the SEC to launch the ETF.</p>
<h2 class="wp-block-heading" id="h-avax-price-spikes-more-than-6"><strong>AVAX Price Spikes More Than 6%</strong></h2>
<p>AVAX price surged over 6% in the past 24 hours, following a 12% decline over the previous week. At the time of writing, it was trading at $11.99.</p>
<p>The 24-hour low and high were $11.28 and $12.28, respectively. Trading volume increased by nearly 38% in the past 24 hours, indicating a rise in interest among traders.</p>
<p>Recently, crypto analyst Ali Martinez set a price target of $9.40. He claimed a breakout below a right-angled ascending broadening wedge in a 1-day chart confirmed the fall.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="635" height="468" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/12/image-481.png" alt="AVAX Price Target on 1-D Chart| Source: Ali Martinez" class="wp-image-1596370" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/12/image-481.png 635w, https://www.thecoinrepublic.com/wp-content/uploads/2025/12/image-481-300x221.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/12/image-481-150x111.png 150w" sizes="auto, (max-width: 635px) 100vw, 635px">
  <figcaption class="wp-element-caption">
   AVAX Price Target on 1-D Chart| Source: Ali Martinez
  </figcaption>
 </figure>
</div>
<p>The derivatives market saw buying in the last few hours, as per CoinGlass data. At the time of writing, the total Avalanche futures open interest was up more than 1.50% to $471.05 in the last 24 hours.</p>
<p>The 4-hour AVAX futures open interest was up more than 2%. Notably, 4-hour futures OI on Binance, OKX, and Bybit climbed by more than 0.30%, 0.51%, and 2%, respectively.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/12/19/avax-price-soars-6-as-vaneck-amends-avalanche-etf-with-us-sec-ahead-of-launch/">AVAX Price Soars 6% as VanEck Amends Avalanche ETF with US SEC Ahead of Launch</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

AVAX Price Soars 6% as VanEck Amends Avalanche ETF with US SEC Ahead of Launch

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Thecoinrepublic.com

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