Grayscale Investments has submitted an SEC S-1 registration to convert its Grayscale Avalanche Trust into a publicly traded spot ETF named Grayscale AVAX Trust ETF. The filing targets Nasdaq listing and aims to increase institutional access to the AVAX token. This move could enhance liquidity for AVAX, potentially boosting adoption of the native token within the Avalanche ecosystem. While the exact impact remains uncertain until SEC approval, this proposal aligns with Grayscale’s strategy of converting single-asset trusts into ETFs. This strategic move reflects increasing demand for regulated crypto investment vehicles and signals a potential shift towards mainstream adoption in the cryptocurrency space.