Derived from AMBCrypto, Grayscale Investments has filed a second amendment to its S-1 registration statement with the SEC, advancing its plan to convert its Avalanche Trust into a spot ETF. The update includes in-kind creation and redemption models and confirms Grayscale Investments Sponsors LLC as the sole sponsor. Meanwhile, VanEck and Bitwise are also in the race, with VanEck disclosing a 0.34% management fee and Bitwise filing its own S-1. If approved, these ETFs could bring AVAX to traditional brokerage accounts, enhancing its institutional adoption.
Grayscale Files Final Amendment for AVAX ETF as Race Intensifies with VanEck and Bitwise
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Summary
Grayscale files final amendment for AVAX ETF news, moving closer to converting its Avalanche Trust into a spot ETF. The update adds in-kind creation and confirms Grayscale Investments Sponsors LLC as the sole sponsor. VanEck and Bitwise are also in the race, with VanEck setting a 0.34% fee and Bitwise submitting its S-1. Approval could bring AVAX to brokerage accounts, boosting institutional adoption. Bitcoin ETF news remains a key focus as the industry pushes for broader market access.
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