INDEX TO FINANCIAL STATEMENTS
Grayscale Avalanche Trust (AVAX) Annual Financial Statements
Page
Report of Independent Registered Public Accounting Firm
F-2
Statements of Assets and Liabilities at December 31, 2025 and 2024
F-3
Schedules of Investment at December 31, 2025 and 2024
F-4
Statements of Operations for the Year ended December 31, 2025, and the Period from August 20, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024
F-5
Statements of Changes in Net Assets for the Year ended December 31, 2025, and the Period from August 20, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024 F-6 Notes to Financial Statements F-7
F-1
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