Grayscale Avalanche Staking ETF filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting net assets of $7,902 thousand and 297,980 shares outstanding as of that date.

Key Highlights

  • Net assets of $7,902 thousand at September 30, 2026, up from $7,090 thousand at December 31, 2025, according to the filing.
  • Principal Market NAV per share of $26.52 at September 30, 2026, compared with $29.79 at December 31, 2025.
  • 725,867.17304112 AVAX held at September 30, 2026, with $6,004 thousand of that total representing staked AVAX, the filing disclosed.
  • Staking Reward Income of $95 thousand for the nine months ended September 30, 2026, compared with zero for the same period in 2025.
  • Net decrease in net assets from operations of $364 thousand for the nine months ended September 30, 2026, versus a net increase of $1,834 thousand in the prior-year period.
  • 60,000 net new shares issued in the nine months ended September 30, 2026, bringing shares outstanding to 297,980 from 237,980 at year-end 2025.
  • 347,980 shares outstanding as of November 6, 2026, the filing reported.

NASDAQ:GAVA Financial Results for the Quarter and Nine Months Ended September 30, 2026

According to the 10-Q filed with the SEC, the Grayscale Avalanche Staking ETF (NASDAQ:GAVA) held 725,867.17304112 AVAX at a fair value of $7,902 thousand as of September 30, 2026, against a cost basis of $15,248 thousand. The Trust's total liabilities were zero at both September 30, 2026 and December 31, 2025. The filing noted that $6,004 thousand of the AVAX held at September 30, 2026 consisted of staked AVAX. A 1-for-5 reverse share split was completed on March 6, 2026, and share amounts in the financial statements have been retroactively adjusted to reflect that transaction.

For the three months ended September 30, 2026, the filing reported net investment income of $26 thousand, driven by Staking Reward Income of $38 thousand offset by net expenses of $12 thousand. Net realized losses for the quarter totaled $423 thousand, while net change in unrealized appreciation was $3,477 thousand, producing a net increase in net assets from operations of $3,080 thousand. For the nine-month period, net realized losses totaled $486 thousand, net unrealized appreciation was $82 thousand, and the overall net decrease in net assets from operations was $364 thousand.

The Trust commenced operations on August 20, 2024, and its shares were listed on The Nasdaq Stock Market LLC under the symbol "GAVA" on March 12, 2026, following the SEC declaring the Trust's Form S-1 registration statement effective on March 11, 2026, according to the filing. The Trust is sponsored by Grayscale Investments Sponsors, LLC, a consolidated subsidiary of Digital Currency Group, Inc. During the nine months ended September 30, 2026, the Trust made distributions to shareholders of $6 thousand. Capital share transactions during the same period resulted in a net increase in net assets of $1,182 thousand.

What Was Disclosed

The Trust disclosed unaudited financial statements for the quarter and nine months ended September 30, 2026, covering net assets, AVAX holdings including staked amounts, staking reward income, share activity following the March 2026 reverse split, and fee arrangements with its sponsor.