Grayscale debuts Avalanche staking ETF on Nasdaq

Grayscale Investments announced the launch of its Grayscale Avalanche Staking ETF (GAVA) on Nasdaq, offering investors a new way to gain exposure to the Avalanche ecosystem. The ETF tracks AVAX, the native token of the Avalanche network, and incorporates staking to potentially earn rewards through the network’s Proof of Stake consensus model. Grayscale’s Senior Vice President of ETFs, Inkoo Kang, stated that the launch reflects continued investor interest in accessible digital asset investment vehicles. Originally a private placement in August 2024, GAVA expands Grayscale’s portfolio of digital asset products. Avalanche is a smart contract platform designed for scalability and customization, enabling developers and enterprises to build tailored blockchain environments. Ava Labs President John Wu highlighted Avalanche’s architecture as being built for real-world applications and supporting financial services and tokenized assets.

(Source：Crypto Briefing)