Grayscale Aims to Launch Spot Avalanche ETF with 85% Staking Potential

Grayscale is making a move towards expanding its presence in the altcoin space by filing for approval to convert its Avalanche Trust into a spot ETF. This strategy could see up to 85% of the trust’s assets being allocated to staking, offering a new investment avenue. The move comes on the heels of Grayscale successfully launching similar products based on Bitcoin and Ethereum, continuing its expansion into alternative crypto-focused ETFs.