Grayscale Launches Avalanche Staking ETF GAVA With AVAX Exposure
The new fund is now available through brokerage accounts and offers Avalanche token exposure alongside staking (locking crypto to earn rewards), according to the announcement.
AVAX
Summary
No Summary provided as the original text is short
Terms & Concepts
Staking: A process that locks crypto assets to help secure a blockchain network and earn rewards.
Avalanche: A blockchain network designed for smart contracts (self-executing blockchain code) and decentralized applications.
ETF: An exchange-traded fund that lets investors gain market exposure through a stock market product.