📊 Grayscale’s push toward an
$AVAX ETF is drawing attention, but the market remains unconvinced...
Despite submitting a new S-1 registration for the Avalanche Trust’s conversion into a spot ETF, the price of AVAX hovers around $12, far from its mid-year highs 🌲 above $35
What’s happening?
🔴 ETF progress, no catalyst yet
The updated S-1 confirms ongoing regulatory engagement, but there are no signs of an imminent approval or decisive shift.
🔴 Price action tells another story
AVAX has remained in a broader downtrend since October. ETF headlines alone haven’t been enough to reverse weak momentum.
🔴 Competitive pressure is rising
While Grayscale takes a cautious route, rivals like VanEck are already offering clearer structures - including transparent fees and staking mechanics - which may appeal more to investors.
There’s a clear disconnect between ETF-related developments and
#AVAX price action.
Without a pickup in volume and investor participation, the ETF narrative looks more like a long-term optionality than an immediate driver - promising on paper, but lacking the market conviction to move higher.
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