Rewards Hub Grayscale has filed an updated proposal with the SEC for an AVAX ETF that includes staking functionality. The filing suggests staking up to 70% of the fund's holdings, with rewards distributed directly to shareholders. The proposal also details governance, custody, and redemption rules, and plans to list the ETF on Nasdaq if approved. AVAX has seen a 9% increase over the past week amid growing institutional interest in yield-generating crypto products. VanEck and Bitwise have also updated their AVAX ETF proposals.
Grayscale Proposes AVAX ETF with Staking to SEC
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