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Grayscale Launches Avalanche Staking ETF and Lists on Nasdaq
Odaily Planet Daily reports that the GrayScale Staking ETF, a staking-based exchange-traded fund, began trading on Nasdaq on Wednesday. It offers spot exposure to AVAX and staking rewards. The asset management company stated that since 2020, Avalanche has processed over 11.4 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, a custom blockchain called 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. (The Block)