Grayscale Seeks Nasdaq Listing for Avalanche Trust ETF, Targeting $54 All-Time High

Grayscale Investments has filed an S-1 with the SEC to launch a publicly traded Grayscale Avalanche Trust ETF, aiming to bring crypto exposure through traditional brokerage accounts. The proposed ETF will directly hold Avalanche and track its market price, similar to existing trust offerings for other cryptocurrencies like XRP and Dogecoin. Coinbase Custody will be the custodian, while BNY Mellon will handle operations. Nasdaq has been tasked with listing the ETF shares pending SEC approval on listing standards. Should it be approved, Grayscale’s AVAX Trust ETF will trade under the name Grayscale Avalanche Trust ETF and offer regulated access to Avalanche.