Recent Updates — AVAX

Grayscale Investments Sponsors, LLC intends to enter into Amendment No. 2 to the Trust Agreement of the Grayscale Avalanche Staking ETF on or around August 7, 2026. The amendment will establish a framework for the Trust to commence regular distributions of net cash proceeds from staking rewards to shareholders, requiring the Trust to convert staking consideration to cash and distribute it at least quarterly. This change is intended to align the Trust with IRS Revenue Procedure 2025-31 to maintain its classification as a grantor trust for U.S. federal income tax purposes. The company operates in the financial services industry as an exchange-traded fund providing exposure to the Avalanche (AVAX) digital asset through staking.