Grayscale debuts Avalanche staking ETF on Nasdaq under ticker GAVA

Grayscale has launched its Avalanche Staking ETF, trading on Nasdaq under the ticker GAVA. This product, which originated as a private placement in August 2024, holds the native token of the Avalanche network, AVAX, directly and stakes it to generate rewards via Avalanche's proof-of-stake network, offering investors exposure to the smart contract platform.

Inkoo Kang, SVP of ETFs at Grayscale, stated that GAVA complements their existing suite of over 40 digital asset products. Grayscale, which manages approximately $35 billion in assets as of late 2025, already offers other staking ETFs, including those for Solana and Sui, alongside major products like the Grayscale Bitcoin Trust ETF.

The firm continues to expand its offerings, having recently filed to convert its AAVE and NEAR trusts into ETFs for NYSE Arca listing and submitted a registration statement for a BNB ETF.

(Source：The Block)