VanEck Avalanche ETF NAV Falls 44% as AVAX Price Drops 45%
VAVX is trading near its 52-week low of $12.54 (6.6% above the low) on light trading volume (0.1× avg).
Summary
VanEck Avalanche ETF reported a 44% drop in NAV per share for H1 2026 due to AVAX price depreciation, but net assets grew 359% from new share issuances. Staking income partially offset losses, and a quarterly distribution was declared.
Key Events · Earnings and Guidance · VAVX
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NAV per share drops 44%
NAV per share fell from $25.18 at year-end 2025 to $14.02 at June 30, 2026, a 44.32% decline, driven by a 45.17% drop in AVAX price.
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Net assets grow 359%
Net assets increased from $2.52 million to $11.56 million, a 359% rise, as 725,000 new shares were issued during the six months.
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Staking income offsets losses
Staking income of $185,683 for the six months resulted in net investment income of $169,702, partially offsetting the $4.98 million unrealized loss on AVAX.
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Quarterly distribution declared
On July 6, 2026, the Trust declared a distribution of $0.1697 per share to shareholders of record on July 7, 2026, payable July 8, 2026.
Analysis · VAVX · Crypto Assets
The Trust's net asset value per share fell 44.32% over six months to $14.02, driven by a 45.17% decline in AVAX price. Despite the price drop, net assets grew 359% to $11.56 million as 725,000 new shares were issued, reflecting strong investor inflows. Staking income provided a partial offset, contributing $185,683 in investment income. The Trust also declared a $0.1697 per share distribution on July 6, 2026, payable July 8, 2026.
At the time of this filing, VAVX was trading at $13.37 on NASDAQ in the Crypto Assets sector. The 52-week trading range was $12.54 to $25.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.