Grayscale's Avalanche Staking ETF, a staking exchange-traded fund, began trading on Nasdaq on Wednesday, offering spot exposure to AVAX and staking rewards. The asset manager stated that Avalanche has processed over 11.4 billion transactions since 2020. The new fund stakes AVAX to participate in the network's proof-of-stake system. Avalanche itself is a multi-chain smart contract platform supporting high-throughput applications, a custom blockchain 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)