According to the latest news, Grayscale Investment has officially updated its S-1 registration statement for the Avalanche chain spot ETF with the U.S. Securities and Exchange Commission. A major highlight of this update is the incorporation of a staking yield mechanism. This means that, following Bitwise and VanEck, Grayscale has become the third large asset management firm to design a staking yield arrangement for an AVAX spot ETF. According to the plan, the fund will be listed and traded on Nasdaq under the trading code GAVX. From the market response, in the context of mainstream asset management institutions competing to launch AVAX-related products, the addition of staking yields is gradually becoming a standard feature of spot ETFs. This not only enhances the product’s appeal to investors but also reflects institutional recognition of the ecological application value.