$AVAX

Grayscale sends S-1 documentation to SEC to list Avalanche Trust (AVAX) on Nasdaq

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Grayscale Investments has filed paperwork with US regulators to launch a spot Avalanche (AVAX) exchange-traded fund (ETF) on Nasdaq. The digital asset manager submitted a registration statement on Form S-1 to the US Securities and Exchange Commission (SEC) last Friday.

According to the filing, the shares of the proposed Avalanche Trust would commence public sale “as soon as practicable” following the effective date of approval. It follows the same structure as other crypto ETF applications, which is to provide investors with direct exposure to Avalanche through traditional brokerage accounts under the ticker AVAX.🔥

Grayscale has selected Coinbase Custody as the fund’s custodian, while BNY Mellon will handle administration and transfer agent responsibilities.

AVAX ETF proposal comment period begins

As seen in the SEC’s S-1 filings tab, Grayscale mentioned that the trust cannot launch until the SEC approves its corresponding 19b-4 application. By law, the SEC has a maximum of 240 days to act on a 19b-4 filing.

“The Trust will not seek effectiveness of this registration statement and no offering of Shares hereunder will take place unless and until such approval is obtained, or it is determined by the Trust that such approval is no longer necessary,” the document read.

The Digital Currency Group subsidiary also noted that the prospectus was prepared on the assumption that the SEC has approved either the 19b-4 application or generic listing standards that would permit the trust’s shares to trade on Nasdaq.

Nasdaq had submitted its own application to the SEC in March 2025, seeking permission to list the Avalanche product. Grayscale said that once the registration becomes effective and trading begins, the trust will be renamed the Grayscale AVAX Trust ETF.