Grayscale Files for Avalanche AVAX ETF with SEC

Grayscale Investments has filed an S-1 registration with the SEC to convert its Avalanche Trust into a spot AVAX ETF, aiming for a Nasdaq listing in March 2025.

The move signals a major push to expand regulated market access for AVAX, potentially increasing institutional interest and impacting AVAX’s market dynamics.

Grayscale Investments has officially filed an S-1 registration statement with the SEC to convert its Avalanche Trust into a spot Avalanche (AVAX) ETF. The company is aiming for a listing on the Nasdaq stock exchange.

Details of the Grayscale AVAX ETF Filing

Involved in the process are Grayscale Investments as the ETF sponsor, Coinbase Custody for securing AVAX tokens, and BNY Mellon for fund administration. These steps signal an expansion of regulated access to AVAX.

Impact on AVAX Market

The introduction of an AVAX ETF could have immediate effects on the AVAX market and its price stability. It might also lead to amplified on-chain activity due to increased demand.

Financially, this ETF structure might lead to tighter bid/ask spreads and enhanced institutional flows into AVAX, mimicking the structures used for BTC and ETH ETFS.

Anticipated SEC Decision

The SEC’s decision on the proposed ETF will be highly anticipated by investors. The regulatory deadline for an official decision is set for July 15, 2025.

Historically, approval of spot ETFs has led to significant short-term price movements. The conversion from trusts to ETFs might provide better liquidity and price discovery for AVAX, potentially drawing additional institutional investments.

Official statement: “In connection with the effectiveness of this registration statement and the listing of the Shares on the Nasdaq stock market, the sponsor intends to rename the Trust as Grayscale AVAX Trust ETF as described in this registration statement.” – Grayscale S-1 registration document.