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The Department of Government Efficiency (DOGE) was created by President Donald Trump with a clear goal: to make government operations 15% more efficient. 

The proposed ETF, managed by Grayscale, seeks to transition the existing Grayscale Avalanche Trust into a regulated investment product, offering easier access to $AVAX for institutional and retail investors.

As part of the agreement, Galaxy Digital will pay the settlement in four instalments over three years.