Every 424B that Grayscale Avalanche Staking ETF Common Units of Fractional Undivided Beneficial Interest (GAVA) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow GAVA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GAVA filings page.
Grayscale Avalanche Staking ETF updates its governing Trust Agreement and related disclosures to formalize a framework for distributing net cash proceeds from staking rewards to shareholders. The Trust must convert staking consideration to cash no less often than quarterly and currently intends to make such distributions monthly, after deducting a Staking Fee and other expenses.
The Sponsor continues to treat the Trust as a grantor trust for U.S. federal income tax purposes, so each investor is viewed as directly owning a pro rata share of AVAX and related income, including staking rewards. Extensive tax risk language explains that IRS guidance on digital assets and staking remains limited; the Trust may not meet all conditions of a 2025 staking safe harbor, and adverse IRS positions could reclassify the Trust as a partnership or corporation, leading to entity‑level tax at 21% and potential 30% withholding on certain distributions to non‑U.S. investors.
The supplement also highlights that U.S. investors may owe tax on staking income even when cash distributions are insufficient, non‑U.S. holders could face withholding on U.S.-source FDAP income at up to 30%, and tax‑exempt investors may incur unrelated business taxable income. Shares continue to trade on Nasdaq under the symbol GAVA.
Grayscale Avalanche Staking ETF plans to amend its Trust Agreement so that, on or around August 7, 2026, the Trust will begin making regular cash distributions of net staking rewards to shareholders. The Trust would be required to convert staking rewards (“Staking Consideration”) to cash no less often than quarterly and promptly distribute the net cash, after paying Trust expenses not assumed by the sponsor, including a portion of the staking rewards to the sponsor for facilitating staking arrangements.
The amendment would also make conforming changes to support the Trust’s staking program and mandatory distribution framework. The size of any distribution will depend on staking rewards earned in each period. Shareholders are encouraged to consult tax advisors about potential tax consequences. The ETF continues to trade on Nasdaq under the symbol GAVA.
Grayscale Avalanche Staking ETF (GAVA) supplement updates the Trust's prospectus to permit "Delayed Delivery Orders" beginning June 10, 2026. The Sponsor, acting as Liquidity Engager, may arrange redemption orders delivering staked digital assets on the first business day those designated assets become transferable. The Variable Fee payable by an Authorized Participant will be adjusted to compensate a Liquidity Provider for delayed settlement. Delayed Delivery Orders may be used only upon an unforeseen atypical adverse liquidity event, after the Trust's unstaked reserve (the "Liquidity Sleeve") is exhausted, and until the Liquidity Sleeve is replenished. The supplement references a Form of Liquidity Provider Agreement filed as Exhibit 10.1 to the Trust's Form 8-K dated June 10, 2026. Except as updated here, the Prospectus dated March 11, 2026 remains unchanged.