$AVAX 🔴 Grayscale Moves to Convert Avalanche Trust into a Spot ETF

Grayscale Investments has officially filed with the SEC to transform its Avalanche Trust into a spot ETF, signaling a major step toward expanding institutional access to AVAX. If approved, the fund will provide direct exposure to Avalanche, offering investors a regulated and transparent investment vehicle.

The proposed ETF will feature Coinbase Custody as its custodian and The Bank of New York Mellon as the transfer agent, reinforcing a strong institutional framework for asset security and management.

As Grayscale continues pushing for crypto ETF adoption, could an Avalanche spot ETF spark a new wave of institutional interest in AVAX?