Bitwise, VanEck, and Grayscale stake millions of AVAX through new spot funds
Avalanche (AVAX)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Bitwise, VanEck, and Grayscale have staked millions of AVAX through new spot funds. The introduction of these staking-enabled crypto ETFs could drive competitive fee reductions. This development may also attract institutional investors seeking yield.
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 a slight majority of buyers over the full day. However, the 1-hour buy ratio has dropped sharply to 19.2%, showing that buying pressure is fading in the short term. The 4-hour buy ratio sits at 44.6%, which is lower than the 24-hour average, suggesting recent selling activity. Volume delta reflects this shift, turning negative in the last hour (-$734,034) and over four hours (-$347,186), despite a positive 24-hour delta of +$746,678. This means that while net buying occurred over the day, recent trades have been dominated by sellers.
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 24-hour ratio of 52.5% an unusual day with +3.0 points more buying than the weekly average. However, spot volume was only 0.55x the weekly average, indicating lower-than-normal trading activity. The coin saw a price change of +3.2% over eight days, with a total volume delta of +$1,014,144. Net buying occurred on 4 of the 7 days in the preceding week.