Grayscale’s Avalanche Staking ETF officially begins trading on Nasdaq on Wednesday, expanding the company’s lineup of cryptocurrency ETF products. The fund, ticker GAVA, provides direct exposure to the Avalanche (AVAX) token and generates additional profits through staking on the Avalanche network using a proof-of-stake mechanism.
This product was initially launched as a private placement in August 2024 and is structured as a Delaware statutory trust. The ETF aims to offer investors a managed channel to benefit from both price volatility and staking rewards.
Avalanche is a multi-chain smart contract platform supporting high-performance decentralized applications and customizable blockchains called Avalanche L1. Since its launch in 2020, the network has processed over 11.4 billion transactions. Currently, Grayscale manages approximately $35 billion in assets across more than 40 digital investment products.
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