Bitwise, VanEck, and Grayscale Stake 70% of AVAX ETF Assets
Avalanche (AVAX)
Editor:
Eugene Serbin
Bitcoinworld.co.in reports that Bitwise, VanEck, and Grayscale have collectively staked approximately 70% of the assets held in their spot AVAX exchange-traded funds. These products, trading under the tickers BAVA, VAVX, and GAVA, launched in the first half of this year. Grayscale’s GAVA leads the group with about 81% of its fund assets staked as of the end of August.
Bitwise and VanEck have also staked a significant portion of their holdings, though exact figures for each fund were not immediately available. The move toward staking reflects a broader trend where issuers seek to differentiate their products and provide additional value to shareholders. By staking, these funds can generate returns that help offset management fees and potentially enhance overall performance.
Initially, staking was not part of the funds’ strategies, but as regulations became clearer, the firms amended their S-1 filings to include staking-related disclosures. This gradual approach highlights the cautious but deliberate integration of staking into regulated investment vehicles.
How the market reacted
Whalio's own Binance spot order flow for AVAX, measured when this story was written up on 28 August 2026. Not the outlet's figures.
AVAX is trading at $7.53 with a 24-hour buy ratio of 52.5%, indicating that buying pressure has strengthened over the full day compared to the 1-hour (47.0%) and 4-hour (44.6%) readings. The 24-hour volume delta is positive at +$746,678, contrasting with negative deltas of -$37,254 and -$347,186 in the shorter timeframes. The buy ratio represents the proportion of trades executed by buyers versus sellers, while the volume delta measures the net value of buys minus sells. A positive delta suggests that aggressive buyers are currently dominating the market flow. However, the short-term negative deltas indicate that buying momentum may be fading in the immediate hours following the initial surge.
The latest daily buy ratio of 42.0% sits at the 3rd percentile of the last 281 days, against a median of 49.3% - among the weakest buying days it has had.
Twenty-four hours later
What AVAX did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for AVAX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.5%, making today's 52.5% reading an unusual day with a 3.0 point increase. Weekly volume was 0.55x the average, suggesting that despite the higher buy ratio, trading activity was lighter than usual. The 8-day volume delta was positive at +$1,014,144, showing that net buying has accumulated over the longer timeframe. This contrasts with the mixed short-term signals, as the weekly data shows a consistent trend of net buying over four of the past seven days. The price has risen by 3.2% over the eight-day period, reflecting the cumulative effect of this buying pressure.