Quarterly ResultMay 14, 2026, 03:32 PM
VanEck Avalanche ETF NAV per Share Drops 26.29% to $18.56
AI Summary
The VanEck Avalanche ETF's net assets significantly increased due to new share issuances, reaching $11.14 million. However, the Net Asset Value per Share declined by 26.29% to $18.56, primarily driven by a 26.76% decrease in the price of Avalanche (AVAX). The Trust reported a net decrease in net assets from operations of $892,497, largely due to unrealized depreciation in its AVAX investment, partially offset by staking income.
Key Highlights
- Net Asset Value per Share decreased 26.29% to $18.56 as of March 31, 2026.
- Total net assets increased 342.52% to $11,136,708 from $2,517,563 at December 31, 2025.
- Shares outstanding rose to 600,000 from 100,000, with 500,000 new shares created.
- Investment in Avalanche (AVAX) at fair value was $11,140,836, with a cost of $12,066,513.
- Net decrease in net assets resulting from operations was $892,497 for the quarter.
- Unrealized depreciation from AVAX investment totaled $943,240.
- Staking income for the quarter was $54,872, resulting in net investment income of $50,743.
- The price of AVAX decreased 26.76% from $12.22 to $8.95 during the quarter.