Bitwise, VanEck and Grayscale AVAX ETFs stake about 70% of holdings

Bitwise, VanEck and Grayscale have staked about 70% of the assets held in their spot AVAX ETFs, according to Crypto Briefing. The products trade under the tickers BAVA, VAVX and GAVA, respectively, and Grayscale’s GAVA had staked about 81% of fund assets as of the end of August. The products launched in the first half of this year, and the firms have gradually added staking-related disclosures through amended S-1 filings after launch as regulations became clearer.