Grayscale Files For Spot Avalanche ETF With U.S. SEC Amid Altcoin ETF Craze
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Grayscale has filed a 19b-4 form with the SEC for a spot Avalanche (AVAX) ETF, seeking to transform its existing Avalanche Trust into an exchange-traded fund. The move follows recent Bitcoin and Ethereum ETF approvals and comes amid growing interest in altcoin investment vehicles. VanEck has also applied for a similar AVAX ETF, indicating increasing market momentum.
March 30, 2025 | 2:15 pm
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POSITIVE IMPACT
Grayscale's ETF filing could provide regulated exposure to AVAX, potentially increasing institutional interest and token visibility in the market.
ETF filing signals growing institutional interest, potential increased liquidity, and broader investor access to Avalanche token
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90