Grayscale Launches Avalanche Staking ETF and Lists on Nasdaq

Odaily News: Grayscale's staking-focused exchange-traded fund, the Avalanche Staking ETF, began trading on Nasdaq on Wednesday. It offers spot exposure to AVAX along with staking rewards. The asset manager stated that since 2020, Avalanche has processed over 114 billion transactions. The new fund stakes AVAX to participate in the network's Proof-of-Stake system. Avalanche itself is a multi-chain smart contract platform supporting high-throughput applications, custom blockchains known as Avalanche L1, and enterprise-grade configurability. According to on-chain data, the network has processed over 114 billion transactions since its launch in 2020. (The Block)