GRAYSCALE AVALANCHE STAKING ETF STATEMENTS OF CHANGES IN NET ASSETS (Amounts in thousands, except change in Shares outstanding)
August 20, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024
Year Ended December 31, 2025
(Decrease) increase in net assets from operations: Net investment loss Net realized (loss) gain on investment in AVAX
$
(210 ) $
(17 )
(40 )
5
Net change in unrealized appreciation/depreciation on investment in AVAX Net (decrease) increase in net assets resulting from operations
(8,174 ) (8,424 )
746 734
Increase in net assets from capital share transactions: Shares issued
12,840 12,840
1,940 1,940
Net increase in net assets resulting from capital share transactions Total increase in net assets from operations and capital share transactions
4,416
2,674
Net assets:
Beginning of year
2,674
-
End of year
$
7,090 $
2,674
Change in Shares outstanding: Shares outstanding at beginning of year
30,140 207,840 207,840 237,980
-
Shares issued
30,140 30,140 30,140
Net increase in Shares
Shares outstanding at end of year
See accompanying notes to financial statements.
F-6
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