Grayscale Launches Avalanche Staking ETF on Nasdaq
Grayscale Investments is set to launch its Avalanche Staking ETF (GAVA) on Nasdaq this Friday, converting a private trust that holds 572,000 AVAX with a net asset value of $23.33 per share. The fund will stake part of its AVAX to earn rewards, which averaged 7.36% last year, though returns are not guaranteed. The launch follows VanEck’s similar ETF in December 2025 and signals rising traditional finance interest in Avalanche’s growing gaming and DeFi ecosystem.
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