Grayscale launches Avalanche staking ETF on Nasdaq

According to The Block, Grayscale's Avalanche Staking ETF began trading on Nasdaq on Wednesday, offering exposure to AVAX and staking rewards. The asset management company stated that since 2020, Avalanche has processed over 11.4 billion transactions, and 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, a customized blockchain known as Avalanche L1, and enterprise-level configurability. According to on-chain data, since its launch in 2020, the network has processed over 11.4 billion transactions.