Will Avalanche’s SEC Filing Trigger Price Crash? Exploring the Impact of Grayscale’s New ETF Proposal

The cryptocurrency world buzzed today as Grayscale filed an application for an Avalanche-based exchange traded fund (ETF), sparking questions about whether this move will impact the price of the platform. While some investors were initially optimistic, seeing a dip in the AVAX price shortly after the news broke, others are asking if it’s simply a temporary correction or a sign of deeper risk brewing within the market. This article dives into the key details of the filing and analyzes its potential impact on Avalanche price.