[Grayscale Launches Avalanche Staking ETF on Nasdaq] Odaily Planet Daily reports that Grayscale's Avalanche Staking ETF began trading on Nasdaq on Wednesday, offering spot exposure to AVAX and staking rewards. The asset management company stated that since 2020, Avalanche has processed over 11.4 billion transactions. 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)