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Techub News reports that the US AVAX spot ETF VAVX, launched by ETF issuer VanEck, has been listed on Nasdaq today. This ETF will stake a portion of its held AVAX and return the generated rewards to holders after deducting fees.
Techub News reports, according to CoinDesk, VanEck has updated its application for the AVAX spot ETF VAVX, planning to stake approximately 70% of its AVAX holdings to obtain on-chain rewards, which will be included in the fund's assets. The document shows that the ETF intends to use Coinbase Crypto Services for initial staking services, with a service fee of 4%. Related staking rewards will accumulate to the fund and be reflected in its net asset value; custodians include Anchorage Digital and Coinbase Custody.
Techub News, UAE investment institution M2 Capital announced a $21 million investment in the US-listed DAT company AVAX One. The company stated in a declaration that this move aims to support the development of Avalanche and the adoption of regulated digital assets in the Middle East. AVAX One was renamed from AgriFORCE Growing Systems Ltd., transitioning from an agricultural technology company to a digital asset treasury firm aimed at accumulating Avalanche's native token AVAX.
Techub News reports, according to The Block, Animoca Brands announced an investment in the Avalanche native token AVAX and entered into a strategic partnership with Avalanche development team Ava Labs to jointly promote the development of the Avalanche ecosystem. An Animoca Brands spokesperson declined to disclose the investment size and other terms when asked. This collaboration will focus on capital deployment, exploring product integration, and providing advisory support for projects built on the Avalanche platform, particularly in areas such as real-world asset tokenization, entertainment, and digital identity. Initial growth efforts will concentrate on Asia and the Middle East. Animoca Brands stated that the company has established regional infrastructure and institutional relationships in these areas, which Avalanche projects can leverage for commercial deployment.
Techub News reports that Binance will list AVAX/U, LINK/U, LTC/U, PAXG/U, and ZEC/U spot trading pairs at 16:00 Hong Kong time on March 5. Additionally, Binance will open trading bot services for the aforementioned trading pairs at 16:00 on March 5.
Techub News reports, according to Tokenomist data, tokens such as AVAX, APT, and STRK will undergo significant unlocks this week, with a total current release value of approximately $80.48 million, including: Avalanche will unlock about 1.67 million AVAX on February 11, accounting for 0.32% of the circulating supply, with a current value of approximately $15.15 million; Aptos will unlock about 11.31 million APT on February 10, accounting for 0.69% of the circulating supply, with a current value of approximately $12.09 million; Starknet will unlock 127 million STRK on February 15, accounting for 4.61% of the circulating supply, with a current value of approximately $6.28 million.
Techub News reports, according to SoSoValue data, the first U.S. AVAX single-token spot ETF, the VanEck Avalanche ETF (VAVX), has been listed and started trading on NASDAQ. On its first trading day, it saw zero net inflows, with a trading volume of $330,000 and a total net asset value of $2.41 million. This ETF supports cash/physical creation and redemption, has a management fee rate of 0.30%, and supports staking; its total net asset value remains $2.41 million, with an AVAX net asset ratio of 0.05%.
Techub News reports that Binance will list AVAX/USD1, BCH/USD1, and UNI/USD1 spot trading pairs at 16:00 Hong Kong time on January 6, and will open trading bot services.
Techub News, according to CoinDesk, Avalanche treasury company AVAX One announced that its board of directors has approved a stock repurchase plan of up to $40 million. This plan will be executed at the company's discretion based on market conditions. AVAX One Technology (AVX) is an Avalanche-focused digital asset management company. Its advisory board is chaired by hedge fund veteran Anthony Scaramucci. The company shifted to a cryptocurrency fund management strategy in September, planning to raise $550 million to gradually acquire AVAX.
Techub News, according to Tokenomists data, tokens such as APT, LINEA, and AVAX will see significant unlocks this week, with a total release value of approximately $275 million currently. Among them: Aptos will unlock approximately 11.31 million APT at 14:00 on November 11, accounting for 0.49% of the circulating supply, currently valued at approximately $36.87 million; Linea will unlock approximately 2.88 billion LINEA at 19:00 on November 10, accounting for 16.44% of the circulating supply, currently valued at approximately $36.76 million; Avalanche will unlock 1.67 million AVAX at 08:00 on November 13, accounting for 0.33% of the circulating supply, currently valued at approximately $30.09 million.
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