Grayscale intends to launch the Spot Avalanche ETF with AVAX ticker on the NASDAQ, offering a new exposure to cryptocurrencies.
Grayscale Investments has submitted to the SEC for approval of a new Spot Avalanche ETF under the ticker AVAX. This filing indicates that the company has plans to list the shares on the NASDAQ, which will offer a new avenue of investment in Avalanche cryptocurrency.
The shift places Grayscale in competition with the crypto ETFs industry, which is on the rise. The filing, which was filed on August 22, 2025, states that the trust would provide an easier way to hold AVAX tokens.
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Grayscale Avalanche Trust is going to convert into an exchange-traded fund (ETF) after regulatory agencies in the United States provide their approval for the change.
In order to achieve more liquidity and transparency with regard to AVAX exposure, this transformation is being brought about.
Indicative of widespread adoption will be the fact that the listing will be on the NASDAQ under the name AVAX.
The investment in AVAX will be indirect through Shares, which are backed by the Trust AVAX holdings.
The Trust will have a continuous offering of shares where the pricing will be linked to AVAX market value and Nasdaq trading prices. The institutional interest in this product can be high with its approval.
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Nevertheless, the prospectus suggests that in-kind AVAX transactions will be accessible at some point in the period of time to come.
In the present moment, Grayscale is only willing to accept cash for the creation of shares and the redemption of existing shares.
Nevertheless, this will be contingent on the NASDAQ obtaining authorisation from the relevant authorities.
The Trust does not operate in accordance with the regulations that are typically associated with investing companies.
Consequently, this indicates that investors may not have access to a portion of the protection that is often associated with registered mutual funds.
Despite this, Grayscale is of the opinion that the exchange-traded fund (ETF) will be a method of investing in AVAX that is both effective and convenient.
The ETF is to track an index price that is calculated based on large digital asset trading platforms. It is a technique that guarantees a correlation with the AVAX price movements on the various exchanges.
