Grayscale Files AVAX ETF With Nasdaq Listing Targeted for March 2025

Grayscale Investments has submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) to convert its Avalanche Trust into a spot AVAX exchange-traded fund (ETF), with a target Nasdaq listing by March 2025. The filing, which includes an S-1 registration, marks the latest effort by Grayscale to expand regulated access to digital assets and potentially increase institutional demand for Avalanche’s native token, AVAX [1].

The proposed ETF would be sponsored by Grayscale, with Coinbase Custody responsible for securing the AVAX tokens and BNY Mellon handling fund administration. These partnerships suggest a structured and secure approach to token custody and fund operations. The firm aims to mirror the successful structures seen in its Bitcoin and Ethereum ETFs, which have historically driven liquidity and institutional adoption [1].

The introduction of an AVAX ETF could significantly impact the AVAX market. Increased demand from institutional investors may lead to tighter bid/ask spreads and improved price discovery. The potential for greater liquidity and stable market flows could also enhance AVAX’s price stability and on-chain activity [1].

Grayscale’s filing statement indicates that the Trust will be renamed the Grayscale AVAX Trust ETF upon the effectiveness of the registration and its listing on Nasdaq. This rebranding reflects the transition from a trust structure to a regulated ETF, a move that aligns with broader trends in the crypto market [1].

The SEC’s decision is expected by July 15, 2025, with the outcome drawing close attention from investors and market participants. Historically, the approval of spot crypto ETFs has triggered notable price movements, and the AVAX ETF could follow a similar trajectory if approved [1].

Source: [1] Grayscale Files for AVAX ETF Listing on Nasdaq (https://coinmarketcap.com/community/articles/68ac6423c696836ea3fb00e6/)