The Grayscale Avalanche Staking ETF (GAVA) is an exchange-traded product issued by Grayscale Investments that provides direct exposure to AVAX, the native token of the Avalanche network. The fund holds AVAX and stakes a portion of its holdings to participate in Avalanche's proof-of-stake consensus mechanism, allowing the ETF to potentially earn staking rewards on behalf of shareholders. GAVA trades on the NASDAQ under the ticker GAVA and is structured as a Delaware statutory trust.

Avalanche is a multi-chain smart contract platform designed to balance scalability, security, and decentralization. The network supports custom blockchains known as Avalanche L1s and has processed over 11.4 billion transactions since its 2020 launch. Enterprise users including FIFA, KKR, and Sports Illustrated have deployed applications on Avalanche's infrastructure, positioning the network as a bridge between decentralized finance and institutional use cases.

GAVA is not registered under the Investment Company Act of 1940 and is not subject to the same regulatory protections as traditional ETFs or mutual funds. The fund's sponsor fee is 0.50%, with a 0% introductory fee waiver currently in effect. Coinbase Custody Trust Company serves as custodian, and BNY Mellon handles administration and transfer agent responsibilities. Staking rewards are not guaranteed and may vary based on network conditions.