Grayscale Submits Application for Spot Avalanche (AVAX) ETF to the SEC!

Jakarta, Pintu News – Grayscale, a leading digital asset manager, recently filed S-1 documents with the US Securities and Exchange Commission (SEC) to convert their Avalanche Trust into a spot Avalanche ETF (AVAX).

This move marks a new era for investors looking to access Avalanche (AVAX) through traditional brokerage accounts, increasing institutional access and credibility of this altcoin.

Grayscale Grand Strategy

In the latest filing, Grayscale indicated Coinbase Custody as the custodian of the assets, with BNY Mellon acting as administrator and transfer agent. Nasdaq, which had filed a 19b-4 filing in March 2025 to list this ETF, was instrumental in this process.

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Grayscale states that with the effectiveness of this registration statement and the listing of the Shares on the Nasdaq stock market, the sponsor plans to change the name of the Trust to Grayscale AVAX Trust ETF. This filing is part of Grayscale’s clear expansion plans.

Previously, the company has also proposed ETFs for Ripple (XRP) and Dogecoin (DOGE) this year, showing that Grayscale is no longer limiting itself to Bitcoin (BTC) and Ethereum (ETH) products.

If the Avalanche ETF is successful, it will set the tone for the next wave of altcoin ETFs and mark another step in crypto’s push into traditional finance.

Importance of AVAX ETF for Avalanche

The spot AVAX ETF proposed by Grayscale could open doors for institutional investors seeking regulated access to Avalanche (AVAX) without having to go through a crypto exchange. This would not only increase liquidity but also strengthen price discovery and wider adoption.

For Avalanche, this is an opportunity to step out of the shadows of Bitcoin (BTC) and Ethereum (ETH) and establish itself as a serious player in mainstream finance. Furthermore, this ETF could be a catalyst for Avalanche to increase its visibility and acceptance among wider investors.

With a more familiar and organized structure, these ETFs offer a safer and more accessible avenue for those who are new to crypto or who are looking for crypto exposure in their traditional investment portfolio.

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Challenge from the SEC

Despite optimism, key challenges remain with the SEC’s still cautious attitude towards altcoin ETFs. Although ETFs for Bitcoin (BTC) and Ethereum (ETH) have made progress, regulators continue to express concerns regarding market manipulation and investor protection for smaller assets.

The 19b-4 filing approval is critical; without it, the S-1 will not move forward. The crypto industry as a whole is looking forward to this decision, not only for the future of Avalanche but also as a signal of what might happen to the broader altcoin ETF market.

This decision will largely determine how cryptocurrencies are perceived and integrated within the larger financial system.

Overall, Grayscale’s move to file a spot Avalanche (AVAX) ETF marks a pivotal point in the evolution of the crypto market. With the potential to bring Avalanche into the financial mainstream, the eyes of the world are now on the SEC’s decision.

This success will not only benefit Grayscale but will also pave the way for other altcoins to follow suit.

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Reference:

• Coinpedia. Just in: Grayscale files for spot Avalanche ETF as SEC review begins. Accessed on August 26, 2025
• Cointelegraph. Grayscale files spot Avalanche ETF ticker AVAX. Accessed on August 26, 2025