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Launched · SEC filings

Grayscale Avalanche Staking ETF

GAVANasdaqGrayscaleB

$20.39+0.11 (+0.52%)

As of Nov 6, 2026, 1:30 PM ET

B56/ 100

Rank 15 of 25 in Crypto Spot

B56/100Rank 15 of 25inCrypto Spot
Intraday session: up, 47 prints from 20.28 to 20.39. Range 20.33 to 20.50. Use the arrow keys to read each point.20.3520.4520.5010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$7M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
3.85K sh
52W range
low $14.50high $28.56
Launched
Filings
SEC EDGAR

The ETF.net GAVA Grade

Based on 4 of 6 pillars

B

Score 56 out of 100

Category
Crypto Spot⁠
Rank
15 of 25
Six-pillar profile for GAVA. Scores out of 100: Cost 50, Risk 76, Mission not scored, Tradability 52, Holdings not scored, Durability 56. Strongest: Risk (76). Weakest: Cost (50). Based on 4 of 6 pillars.

Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 11 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A76 out of 100
    Rank 4 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 12 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 13 of 25

Our read on GAVA

ETF.net Research

In short

BSingle-token AVAX exposure with a twist: the trust stakes the coins it holds and seeks to add more Avalanche to the pile rather than pay cash out. It started life as a 2024 private placement before it ever had a Nasdaq ticker.

Stated mandate

The Trust seeks exposure to the value of Avalanche held by the Trust, net of operating expenses, and also seeks to obtain additional Avalanche through staking.

Why people hold it

  • Staking is written into the mandate, not bolted on: the trust seeks additional AVAX by staking what it holds, and those rewards accrue inside the fund.grayscale.com
  • The 0.35% expense ratio sits right at the median for spot crypto funds, and within a hair of the other Avalanche fund, BAVA at 0.34%.
  • The vehicle predates the ticker. It launched as a private placement in 2024 and later uplisted to Nasdaq, so the operating history runs longer than the listing does.theblock.co
  • Direct spot holdings of AVAX, run by Grayscale, whose digital asset platform spans dozens of listed and private crypto products.globenewswire.com

Worth knowing

  • It is a grantor trust, not a 1940 Act fund, so the protections of a registered ETF do not apply. Grayscale flags a high degree of risk and possible loss of the entire investment.grayscale.com
  • One token, one network, and nothing paid out: staking rewards go to the trust rather than to shareholders as distributions.grayscale.com
  • Small asset base and light trading, which can mean wider spreads and more effort behind a large order.

GAVA Performance

Launched Aug 20, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
GAVA$12,593
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,546
Aug 5, 2026 to Nov 5, 2026. GAVA $12,593. SPY $9,546. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Aug 2026Sep 2026Nov 2026

Aug 5, 2026 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GAVA. Periods over one year show the average yearly return.
PeriodGAVA
Year to dateHistory unavailableNo data
1 month−23.2%
3 months+25.9%
1 yearHistory unavailableNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GAVA
YearReturn barGAVA
2026 YTD−11.8%

History from Mar 12, 2026

GAVA in the news

GAVA Dividends

Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Sep 3, 2026 $0.03; Oct 5, 2026 $0.06; Nov 3, 2026 $0.04. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 3, 2026Nov 4, 2026$0.04
Oct 5, 2026Oct 6, 2026$0.06
Sep 3, 2026Sep 4, 2026$0.03

GAVA Risk

Risk pillarA76 out of 100Rank 4 of 25 in Crypto Spot
How much the fund’s monthly returns vary, scaled to a year.
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.62
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GAVA Cost

Compare GAVA and XRPZ

Overpaying vs XRPZ, cheapest in Crypto Spot

$3,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GAVA 0.35%

    $7,126

  • XRPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • GAVA 0.35%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GAVA $7,126XRPZ $3,952

Year by year

YearGAVAXRPZOverpaying
10$634$347$287
20$2,454$1,351$1,103
30$7,126$3,952$3,174

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