Here are the 10-Q quarterly reports from VanEck Avalanche ETF (VAVX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VAVX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VAVX filings page.
VanEck Avalanche ETF reported net assets of $11.6 million at June 30, 2026, up from $2.5 million at December 31, 2025, driven by creations of 725,000 new shares to reach 825,000 shares outstanding. The Trust held 1,726,678.34 AVAX with a fair value of $11.57 million, representing essentially all assets.
Despite asset growth, performance was weak as AVAX declined 45.17% in the first half, and NAV per share fell from $25.18 to $14.02, a 44.32% total return loss; the second quarter alone saw a 24.46% decline. Staking generated $185,683 of income for the six months, supporting net investment income of $169,702, with a low annualized net expense ratio of 0.32%. The Trust highlights significant concentration, digital-asset volatility, and evolving U.S. regulation of AVAX, staking and digital-asset markets as key risks, and notes it may liquidate if AVAX is ultimately deemed a security or if regulatory changes require registration.
VanEck Avalanche ETF reports a volatile first quarter as assets grow but NAV per share falls. Net assets rose from $2,517,563 at December 31, 2025 to $11,136,708 at March 31, 2026 as 500,000 new shares were created, bringing total shares outstanding to 600,000.
Despite the growth in size, NAV per share declined from $25.18 to $18.56, a 26.29% drop closely tracking a 26.76% fall in AVAX’s price from $12.22 to $8.95. The Trust recorded net investment income of $50,743 from staking, but an unrealized loss of $943,240 on AVAX, leading to a net decrease in net assets from operations of $892,497.
The ETF invests almost entirely in AVAX, valued using Level 1 inputs, and earns additional rewards by staking a portion of its holdings. Reported total return was (26.29)% for the period, and expense ratios were low due to a temporary 0.20% sponsor fee waiver. Extensive risk disclosures highlight regulatory uncertainty around staking, digital asset regulation and the possibility that AVAX could be deemed a security, which could force liquidation of the Trust.