Grayscale Seeks Approval for Spot Avalanche ETF with AVAX Ticker

Grayscale Investments has filed a registration statement with the U.S. Securities and Exchange Commission to launch a spot Avalanche exchange-traded fund (ETF), marking another step in its expansion of cryptocurrency investment products. The proposed ETF, trading under the AVAX ticker symbol, would convert Grayscale’s existing Avalanche Trust into a publicly traded fund.