AVX
Avax One Technology Ltd. Common Shares
stock NASDAQ

No they aren’t they filed a 10-k their an operating corporation. Investment funds don’t file 10-k’s. Yes in their form 10-k which is a corporate filing they mention their “digital asset treasury”.
But legally speaking they’re not an investment fund and investors do not have the same protections investing in AVX as they would if they invested in an ETF.
AVX is not mandated by independent asset custody, if AVX goes bankrupt creditors can seize their avalanche assets you won’t get any value out of the net assets. If you were to invest in a Vanguard etf and Vanguard went bankrupt creditors can’t touch the etf assets.
Investment funds can’t dilute shareholders unless new net assets are entering the fund. AVX because they’re a corporation they can dilute shareholders all they want. And since AVX has a history of diluting shareholders and their business model is crap this is a serious risk.
In an investment fund you’re paying for a small investment fee usually 1% or less. At AVX you’re covering corporate overhead, which is more than the revenue earned from staking.
Either way calling them an SEC filed “treasury fund” is inaccurate.

No they aren’t they filed a 10-k their an operating corporation. Investment funds don’t file 10-k’s. Yes in their form 10-k which is a corporate filing they mention their “digital asset treasury”.
But legally speaking they’re not an investment fund and investors do not have the same protections investing in AVX as they would if they invested in an ETF.
AVX is not mandated by independent asset custody, if AVX goes bankrupt creditors can seize their avalanche assets you won’t get any value out of the net assets. If you were to invest in a Vanguard etf and Vanguard went bankrupt creditors can’t touch the etf assets.
Investment funds can’t dilute shareholders unless new net assets are entering the fund. AVX because they’re a corporation they can dilute shareholders all they want. And since AVX has a history of diluting shareholders and their business model is crap this is a serious risk.
In an investment fund you’re paying for a small investment fee usually 1% or less. At AVX you’re covering corporate overhead, which is more than the revenue earned from staking.
Either way calling them an SEC filed “treasury fund” is inaccurate.