$AVAX Bitwise, VanEck, and Grayscale Hold Over 5 Million AVAX, 3.49 Million Currently Staked
Leading US asset managers Bitwise, VanEck, and Grayscale surpassed the 5 million AVAX mark in total holdings this week.
🔸 Of this total, 3.49 million AVAX (approximately 70%) is currently staked, including 80% of VanEck's holdings.
🔸 This move demonstrates that major institutions are not merely holding AVAX but are actively staking it to earn yield.
👉 The simultaneous decision by leading ETFs to stake AVAX is a highly positive signal for Avalanche, reflecting long-term confidence and institutional commitment to the network. With 3.49 million AVAX locked in staking, potential sell pressure from these funds is significantly reduced, while the circulating supply tightens. This could create a positive impact on the price of AVAX in the long run.
💬 Do you think other ETFs will follow suit and stake AVAX? How will this trend affect the price of AVAX?
News is for reference, not investment advice. Please read carefully before making a decision.
Leading US asset managers Bitwise, VanEck, and Grayscale surpassed the 5 million AVAX mark in total holdings this week.
🔸 Of this total, 3.49 million AVAX (approximately 70%) is currently staked, including 80% of VanEck's holdings.
🔸 This move demonstrates that major institutions are not merely holding AVAX but are actively staking it to earn yield.
👉 The simultaneous decision by leading ETFs to stake AVAX is a highly positive signal for Avalanche, reflecting long-term confidence and institutional commitment to the network. With 3.49 million AVAX locked in staking, potential sell pressure from these funds is significantly reduced, while the circulating supply tightens. This could create a positive impact on the price of AVAX in the long run.
💬 Do you think other ETFs will follow suit and stake AVAX? How will this trend affect the price of AVAX?
News is for reference, not investment advice. Please read carefully before making a decision.
