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GAVA

GradeCNASDAQ Global Market

Grayscale Avalanche Staking ETF

Crypto · Grayscale · Inception 2024-08-20 · SEC filings

$25.11−1.68 (−6.28%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Mar 12, 2026.History starts Mar 12, 2026.
Intraday session: down, 27 prints from 26.79 to 25.11. Range 24.89 to 26.31. Use the arrow keys to read each point.$25.50$26.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$8M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$27.01
52W range
low $14.50high $28.19

The ETF.net GAVA Grade

C

40/ 100

Rank 20 of 26 in Crypto Spot⁠

Confidence Medium

Six-pillar profile for GAVA. Scores out of 100: Cost 48, Risk 79, Mission not scored, Tradability 57, Holdings not scored, Durability 59. Strongest: Risk (79). Weakest: Cost (48). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned58This cap took−18Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 48
    Category rank12/26 · top 46%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 79
    Category rank4/26 · top 15%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank11/26 · top 42%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank10/26 · top 38%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on GAVA

ETF.net Research

CSingle-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

  1. 01Staking 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.etfs.grayscale.com
  2. 02The 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%.
  3. 03The 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
  4. 04Direct spot holdings of AVAX, run by Grayscale, whose digital asset platform spans dozens of listed and private crypto products.globenewswire.com

Worth knowing

  1. 01It 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.etfs.grayscale.com
  2. 02One token, one network, and nothing paid out: staking rewards go to the trust rather than to shareholders as distributions.etfs.grayscale.com
  3. 03Small asset base and light trading, which can mean wider spreads and more effort behind a large order.

GAVA Holdings

As of Sep 20, 2026, 10:05 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
Avalanche100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Avalanche100.00%725,951$6M1

Showing 1–1 of 1 holdings

GAVA Performance

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

GAVA$17,732
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. GAVA $17,732. SPY $10,415. Use the arrow keys to read each point.$9,100$13,806$18,512Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 unavailable—
1 month+46.1%
3 months+77.3%
1 yearHistory unavailable—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+16.0%

History from Mar 12, 2026

GAVA in the news

ETF.net Research hasn’t filed on GAVA yet — coverage lands here as it’s written.

GAVA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Sep 3, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 3, 2026Sep 4, 2026$0.03

GAVA Risk

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.

GAVA Cost

Expense ratio0.35%
  • The middle half of Crypto Spot funds
  • Median 0.35%

11 of the 26 Crypto Spot funds charge less.

GAVA costs $35.00 a year on $10,000. The median Crypto Spot fund costs $35.00.