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Grayscale Launches Avalanche Staking ETF and Lists on Nasdaq
Svmuu Flash: Grayscale's Avalanche Staking ETF began trading on Nasdaq on Wednesday, offering spot exposure to AVAX along with staking rewards. The asset manager stated that Avalanche has processed over 11.4 billion transactions since 2020, and the new fund stakes AVAX to participate in the network's proof-of-stake system. Avalanche itself is a multi-chain smart contract platform that supports high-throughput applications, custom blockchains known as Avalanche L1, and enterprise-grade configurability. According to on-chain data, the network has processed over 11.4 billion transactions since its launch in 2020. (The Block)
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