Grayscale launches Avalanche staking ETF on Nasdaq

Odaily reported that Grayscale's Avalanche Staking ETF began trading on Nasdaq on Wednesday, offering spot exposure to AVAX as well as staking rewards. The asset management company stated that since 2020, Avalanche has processed more than 11.4 billions 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 that supports high-throughput applications, custom blockchains known as Avalanche L1, and enterprise-level configurability. According to on-chain data, since its launch in 2020, the network has processed more than 11.4 billions transactions. (The Block)