Grayscale Investments submitted an S-1 filing to the SEC to launch an Avalanche ETF, intending to rename its Grayscale Avalanche Trust (AVAX).
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Digital asset manager Grayscale Investments, submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC), to launch an Avalanche ETF, and list it on the Nasdaq platform.
The trust will track the performance of Avalanche’s native crypto AVAX AVAX $24.13 24h volatility: 5.7% Market cap: $10.19 B Vol. 24h: $1.01 B , while Coinbase acts as the prime broker as well as the custodian for the same.
Grayscale Investments has announced plans to rename its Grayscale Avalanche Trust (AVAX) as the Grayscale AVAX Trust ETF.
Once the SEC approves its registration statement, Grayscale would list the ETF shares on the Nasdaq Stock Market LLC (NASDAQ).
As part of this process, NASDAQ filed an application with the U.S. Securities and Exchange Commission (SEC) on March 27, 2025, under Rule 19b-4 of the Securities Exchange Act of 1934, seeking approval to list shares of the Grayscale AVAX Trust (the “19b-4 Application”).
In the filing, Grayscale noted:
“In connection with the effectiveness of this registration statement and the listing of the Shares on the Nasdaq stock market, the sponsor intends to rename the Trust as Grayscale AVAX Trust ETF as described in this registration statement.”
The US SEC has yet to approve the application, and Grayscale stated it’s not sure of the timeline for approval.
The company also noted that no offering of shares will occur until the necessary SEC approval is obtained or the Trust determines that such approval is no longer required.
AVAX, the native cryptocurrency of the Avalanche blockchain has been facing some selling pressure and is currently trading 3% down, under the crucial resistance of $25.00.
AVAX price is showing technical signs of a rare high‑timeframe breakout, with analysts projecting a potential move into the mid‑$30 range.
Market experts note that inefficiencies in the chart may still need to be addressed, but such setups are uncommon and can lead to sharp price movements when they occur.
🚀 $AVAX is setting up for a rare high‑timeframe breakout.
Mid‑30s looks likely with inefficiencies to fill.
These setups don’t come often—but when they do, returns can be sharp.#Trading #Investing #Crypto pic.twitter.com/K2L56mn0Ee— Bullish Stock (@Alerts_Bullish) August 25, 2025
Another popular analyst, CryptoPulse noted AVAX is trading around $25.60, maintaining its position above the weekly support at $20.30 and approaching the $27–$28 resistance zone.
📊 $AVAX Update (2W Timeframe)
Avalanche is currently trading around $25.6, holding above the weekly support area at $20.3 and pressing into the $27–$28 resistance zone.
What’s next?
✅ Break & close above $28 → opens the path toward $32–$35, with the monthly descending… pic.twitter.com/eud6Mur7aE— CryptoPulse (@CryptoPulse_CRU) August 25, 2025
Analysts stay bullish on AVAX, eyeing a breakout above $28 toward $32–$35. A rejection could send the price back to $20.30 support.
Conversely, a rejection at this level could trigger a pullback to retest the $20.30 weekly support.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
