Quarterly ResultMay 8, 2026, 04:08 PM
Grayscale Avalanche Staking ETF Q1 Net Assets Down 25% to $5.3M
AI Summary
Grayscale Avalanche Staking ETF reported a net asset decrease of 25.1% to $5.309 million for Q1 2026, with its Principal Market NAV per Share falling to $21.41 from $29.79. The Trust recorded a net decrease in net assets from operations of $2.028 million, primarily due to a $2.005 million net realized and unrealized loss on investment. Operationally, the Trust's shares began trading on Nasdaq under "GAVA" on March 12, 2026, following a 1-for-5 reverse share split on March 6, 2026. The Sponsor's Fee was also reduced from 2.5% to 0.35% effective March 12, 2026, with a partial fee waiver in effect.
Key Highlights
- Net assets decreased 25.1% to $5.309 million as of March 31, 2026.
- Principal Market NAV per Share fell to $21.41 from $29.79.
- Net decrease in net assets from operations was $(2.028) million for Q1 2026.
- Net realized and unrealized loss on investment totaled $(2.005) million.
- Shares began trading on Nasdaq under "GAVA" on March 12, 2026.
- A 1-for-5 Reverse Share Split was completed on March 6, 2026.
- Sponsor's Fee reduced from 2.5% to 0.35% effective March 12, 2026.
- Staking reward income was $10 thousand for Q1 2026.