Grayscale files S-1 with SEC for Avalanche ETF under AVAX ticker

Grayscale has filed a registration statement with the US Securities and Exchange Commission (SEC) to convert its Avalanche Trust into a spot Avalanche (AVAX) exchange-traded fund (ETF). If approved, the fund would trade under the ticker “AVAX” on Nasdaq and offer investors direct exposure to Avalanche through standard brokerage ￰0￱ move marks an expansion of Grayscale’s strategy beyond Bitcoin and Ethereum, aiming to bring institutional access to ￰1￱ expands ETF efforts with Avalanche filing The S-1 filing shows Coinbase Custody Trust Company lined up as custodian, with BNY Mellon acting as administrator and transfer agent. Nasdaq, which submitted a 19b-4 filing in March 2025 to list the ETF, remains central to the ￰2￱ to the registration, once effective, the trust will be renamed “Grayscale AVAX Trust ETF” and trade ￰3￱ comes as part of Grayscale’s wider push to grow its ETF offerings beyond Bitcoin and ￰4￱ in 2025, the firm filed for XRP and Dogecoin ETFs, underscoring its intention to create regulated investment products for multiple ￰5￱ access to Avalanche through an ETF structure If cleared by the SEC, the spot AVAX ETF would give institutional and retail investors a regulated channel to gain exposure to ￰6￱ structure would eliminate the need for direct crypto exchange purchases, making access easier for traditional finance ￰7￱ ETF could also enhance liquidity and strengthen price discovery for ￰8￱ Avalanche, which has often been overshadowed by Bitcoin and Ethereum in mainstream finance, this development would represent a chance to solidify its presence in the ￰9￱ scrutiny over altcoin ETFs continues The SEC’s stance on altcoin ETFs remains ￰10￱ spot Bitcoin and Ethereum ETFs have already advanced, regulatory concerns over potential market manipulation and investor protection persist with smaller digital ￰11￱ outcome of the review is being closely watched across the digital asset industry, as it will not only affect Avalanche but could also set a precedent for other altcoin ETF ￰12￱ ETFs signal new phase in Grayscale’s strategy Grayscale’s latest filing highlights its long-term approach to broadening crypto investment ￰13￱ positioning Avalanche alongside earlier applications for XRP and Dogecoin ETFs, the firm is betting on the demand for diversified exposure to digital ￰14￱ the AVAX ETF is approved, it could set the stage for further institutional adoption of ￰15￱ decision may also indicate how regulators plan to address the growing number of altcoin ETF applications in 2025 and beyond.