Odaily Planet Daily reports: Grayscale’s Avalanche Staking ETF began trading on Nasdaq on Wednesday, offering investors spot exposure to AVAX along with staking rewards. The asset manager noted 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 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 more than 11.4 billion transactions since its launch in 2020. (The Block)
Grayscale Launches Avalanche Staking ETF on Nasdaq
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Summary
Grayscale launched its Avalanche Staking ETF on Nasdaq on Wednesday, providing exposure to AVAX and staking rewards. The fund stakes AVAX to support the network’s proof-of-stake mechanism. Avalanche, a multi-chain smart contract platform, has processed over 11.4 billion transactions since 2020. This move adds to recent ETF news and reflects ongoing on-chain developments in the crypto market.
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