2026-02-21 02:31:04

#GrayscaleEyesAVESpotETFConversion

🚨 Grayscale Eyes AVAX Spot ETF Conversion
Grayscale Investments is actively working to convert its existing Avalanche Trust into a spot AVAX ETF — a major step toward bringing regulated Avalanche exposure to mainstream investors.
📌 Key Highlights:
• Proposed ticker: GAVX (Nasdaq listing)
• SEC review ongoing (amendments filed through Jan 2026)
• Custodian: Coinbase Custody
• Potential inclusion of staking rewards
• Shift toward in-kind creations/redemptions for efficiency
If approved, this would:
✅ Increase institutional access to AVAX
✅ Improve liquidity & price discovery
✅ Potentially introduce staking yield within an ETF structure
Grayscale joins competitors like VanEck and Bitwise in the race for the first spot AVAX ETF — signaling growing demand for Layer 1 exposure beyond BTC and ETH.
⏳ As of Feb 2026: Still under SEC review, but momentum is building.
A potential game-changer for Avalanche and the broader altcoin ETF landscape.
Stay tuned. 👀

AVAX1.99%

BTC0.03%

ETH0.3%

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