2026-01-03 05:25:29

Grayscale has taken new action. The latest update to the S-1 registration statement for the Avalanche (AVAX) spot ETF has been submitted to the SEC, this time adding a staking yield feature. Interestingly, this is the third institution to do so—preceded by Bitwise and VanEck exploring the market, now Grayscale is following suit. Staking yields are gradually becoming a standard competitive feature for spot ETF products. According to plan, this ETF will be listed and traded on NASDAQ under the ticker GAVX. The financial product line within the AVAX ecosystem is becoming increasingly clear, and institutional-level deployments are accelerating.

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LayerZeroJunkie

· 9h ago

Damn, Grayscale has now also learned to compete in staking yields. If the ETF doesn't come with some yield, it's embarrassing to even go out. AVAX is really about to take off, but I still think the big institutions are the ones ultimately making the most profit. GAVX is launched, and they have to hype it up? Institutions are really itching to act, just waiting for retail investors to take the bait. Staking yields, to be honest, are just a way to make it seem like you know how to make money—just a routine trick. Grayscale's speed in following trends is worrying; mainly because they can't come up with any new tricks. The AVAX ecosystem is indeed maturing, but how much real profit can be made? Only heaven knows.

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HappyToBeDumped

· 9h ago

Staking yields, this routine is really becoming more and more competitive, with Grayscale, Bitwise, VanEck all rushing in, as if afraid of falling behind. This wave of AVAX is truly attracting attention, with spot ETFs + staking yields taking off directly. Wait, does the speed at which these institutions are rushing in mean something? Need to keep a close watch. GAVX is listed on NASDAQ, looking quite legitimate, but how much can this staking yield actually provide? Feels a bit too good to be true. Is Grayscale's move just following the trend or genuinely optimistic about AVAX? It's hard to tell. But on the other hand, the spot ETF adding staking features— is this a trend or the final frenzy?

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GasFeeCrier