$GAVA

Grayscale Avalanche Staking ETF

CIK:0002035053|SEC Filings

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Investment income:
Staking Reward Income	$ 47	$ 0	$ 57	$ 0
Investment income	0	0	0	0
Total Investment Income	47	0	57	0
Expenses:
Sponsor's Staking Fee, related party	10	0	12	0
Sponsor Fee related party	4	44	36	57
Gross expenses	14	44	48	57
Sponsor's Fee Waiver, related party	(4)	0	(5)	0
Net expenses	10	44	43	57
Net investment loss	37	(44)	14	(57)
Net realized and unrealized loss on investment from:
Net realized loss on investment in AVAX sold to pay Sponsor's Fee	(2)	(10)	(41)	(9)
Net realized loss on investment in AVAX sold to pay Sponsor's Staking Fee	(18)	0	(22)	0
Net realized gain on investment in AVAX sold for redemption of Shares	0	0	0	0
Net change in unrealized appreciation/depreciation on investment in AVAX	(1,433)	(3,548)	(3,395)	(4,852)
Net realized and unrealized loss on investment	(1,453)	(3,558)	(3,458)	(4,861)
Net decrease in net assets resulting from operations	$ (1,416)	$ (3,602)	$ (3,444)	$ (4,918)