📢 AVAX Going To The Moon
ETF Update | SEC Review Underway
Grayscale has filed to convert its Avalanche Trust into a spot AVAX ETF, aiming to bring AVAX to traditional markets.
🔎 Current Status:
📅 SEC Delayed Decision (as of July 11, 2025)
🗣️ 21-day public comment period open
⏳ Final decision expected by July 15, 2025
📈 Market Reaction:
AVAX price dipped ~6% following the delay
Trading volume surged over +68% as investor interest remains high
📊 Approval Odds:
Bloomberg analysts project ~90% probability of approval by year-end
AVAX joins other altcoins (SOL, ADA, DOGE) under ETF consideration
💡 Why It Matters: A spot AVAX ETF would enable broader institutional access, enhance liquidity, and strengthen Avalanche’s position in the market.
Stay tuned for more updates as the ETF decision approaches.
🔗 Source: SEC, Bloomberg, Coingape, AInvest