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Grayscale Files Updated S-1 for Avalanche ETF with SEC

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Grayscale has filed an updated S-1 with the SEC to convert its Avalanche Trust into a spot ETF, seeking a Nasdaq listing under the ticker GAVX. The KuCoin trust currently holds $7.1 million in assets, with Grayscale as the sole sponsor and Coinbase handling brokerage. The filing includes in-kind creation and redemption mechanisms. The KuCoin listing announcement highlights ongoing efforts to bring crypto products to traditional markets.
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