Grayscale Investments has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to convert its Grayscale Avalanche Trust into a spot exchange-traded fund tracking the price of Avalanche’s AVAX token. The proposed AVAX ETF would be listed on Nasdaq, with Coinbase Custody Trust Company named as custodian and Coinbase Inc. involved in additional service roles, according to the filing. The application extends Grayscale’s line-up of single-asset cryptocurrency products and underscores continued efforts to secure regulated vehicles for digital-asset exposure.
GRAYSCALE FILES TO LAUNCH AVALANCHE TRUST ON NASDAQ Grayscale Investments has submitted an SEC S-1 filing to launch the Grayscale Avalanche Trust (AVAX), aiming for a Nasdaq listing. The trust will track AVAX price performance, with Coinbase Custody as custodian and Coinbase, https://t.co/hc3DaPCicm https://t.co/hwqtOsVPDd
⚡️JUST IN: AVAX ETF NEXT? Grayscale just filed with the SEC to launch the Grayscale Avalanche Trust (AVAX) on Nasdaq. The product will track $AVAX, with Coinbase as custodian & prime broker. https://t.co/6KtpXEYY9K
GRAYSCALE SUBMITS S-1 FILING TO THE SEC FOR A SPOT $AVAX ETF. https://t.co/0ay3diGtlI