Grayscale debuts Avalanche staking ETF on Nasdaq under ticker GAVA

The Grayscale Avalanche Staking ETF began trading on Nasdaq on Wednesday, adding a staking-enabled product tied to the Avalanche network's native token to its lineup of exchange-traded products.

The product first launched as a private placement in August 2024 and is structured as a Delaware statutory trust, Grayscale said in its prospectus. The fund, which trades under the ticker GAVA, holds AVAX directly to provide spot exposure to the token while staking it to generate rewards through Avalanche’s proof-of-stake network, the asset manager said.

Avalanche itself is a multi-chain smart contract platform that supports high-throughput applications, custom blockchains known as Avalanche L1s, and enterprise-level configurability, the asset manager noted. Since its 2020 launch, the network has processed more than 11.4 billion transactions, according to onchain data.

"GAVA complements our existing suite of more than 40 digital asset products and provides investors with the ability to gain exposure to one of the market's leading smart contract platforms, supported by Grayscale's scale, research, and infrastructure," Inkoo Kang, senior vice president of ETFs at Grayscale, said in a statement.

The Connecticut-based asset manager, which bills itself as the world's largest digital asset-focused investment platform with approximately $35 billion in assets under management as of late 2025, maintains a broad lineup of ETFs. 

According to the firm's website, the roster includes the Grayscale Bitcoin Trust ETF with $11 billion in AUM as of March 11, the Grayscale Bitcoin Mini Trust ETF at $3.6 billion, the Grayscale Ethereum Staking ETF at $1.8 billion, and the Grayscale Ethereum Staking Mini ETF at $1.78 billion. 

Other staking-enabled products include the Grayscale Solana Staking ETF with $112 million in assets and the Grayscale Sui Staking ETF at $24.5 million.

The firm also recently filed with the SEC to convert its AAVE and NEAR trusts into ETFs for listing on NYSE Arca, and submitted a registration statement on Jan. 23 for a BNB ETF.