Monitor future filings for any disclosure of the amount of AVAX moved to Anchorage Digital, which would indicate the scale of the custody diversification. The temporary custody fee rebate is confidential but suggests the Sponsor negotiated favorable terms.
Price Chart
Executive Summary
Grayscale Avalanche Staking ETF (GAVA) added Anchorage Digital Bank N.A. as a secondary custodian for a portion of its AVAX holdings via the Sixth Amendment to the existing Master Custody Service Agreement. Coinbase Custody Trust Company remains the primary custodian, and the Sponsor has not yet determined how much AVAX will be moved to Anchorage Digital. This is a routine risk-management diversification step for a growing ETF and has no material financial impact on the trust or its shareholders.
Key Facts
- Grayscale Avalanche Staking ETF added Anchorage Digital Bank N.A. as an additional custodian for a portion of its AVAX holdings.
- Coinbase Custody Trust Company remains the primary custodian; the existing custody arrangement is unaffected.
- The Sponsor has not yet determined the amount of AVAX to be moved to Anchorage Digital.
- The Sixth Amendment also provides for a temporary rebate of a portion of custody fees (terms redacted as confidential).
- Anchorage Digital is required to maintain commercial crime insurance or a fidelity bond with limits of not less than $100 million in the aggregate.
- Fees paid to Anchorage Digital are a Sponsor-paid expense.
Financial Impact
No financial impact on the trust or its shareholders. Custody fees paid to Anchorage Digital are a Sponsor-paid expense, and the amount of AVAX to be custodied with Anchorage Digital has not been determined.
Risk Factors
- Shareholders cannot be assured that Anchorage Digital will maintain adequate insurance or that coverage will cover losses with respect to the Trust's AVAX.
- In the event of a fork of the Avalanche blockchain, Anchorage Digital may suspend services and may cease supporting either branch of the forked protocol.
- The addition of a second custodian introduces operational complexity, though the Sponsor cites it as a risk-management benefit.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-414300 |
| Document: ck0002035053-20260929.htm | 0001193125-26-414300 |
| Document: ck0002035053-ex10_2.htm | 0001193125-26-414300 |
| Document: 0001193125-26-414300-index-headers.html | 0001193125-26-414300 |
| Document: 0001193125-26-414300-index.html | 0001193125-26-414300 |
| Document: 0001193125-26-414300.txt | 0001193125-26-414300 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $21.41 | awaiting T+20 | — | $21.61 (+0.93%) |
Oct 26, 2026 1d ago | 144 | $21.74 | awaiting T+20 | — | $21.61 (−0.60%) |
Oct 23, 2026 4d ago | 144 | $21.71 | awaiting T+20 | — | $21.61 (−0.45%) |
Oct 5, 2026 22d ago | 8-K | $27.93 | awaiting T+20 | — | $21.61 (−22.63%) |
Aug 7, 2026 11w ago | 8-K | $15.60 $17.97 | ▲ +15.19% | ▲ +15.59% | $21.61 (+38.53%) |
Jul 30, 2026 12w ago | 144 | $15.53 $17.73 | ▲ +14.20% | ▲ +11.21% | $21.61 (+39.15%) |
Jul 17, 2026 14w ago | 8-K | $15.96 $15.39 | ▼ −3.63% | ▼ −7.75% | $21.61 (+35.37%) |
Jun 10, 2026 19w ago | 8-K | $15.62 $16.32 | ▲ +4.46% | ▲ +0.84% | $21.61 (+38.34%) |
May 4, 2026 25w ago | 144 | $22.71 $20.15 | ▼ −11.27% | ▼ −16.23% | $21.61 (−4.84%) |
May 4, 2026 25w ago | 144 | $22.71 $20.15 | ▼ −11.27% | ▼ −16.23% | $21.61 (−4.84%) |
US Market Status
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