Grayscale seeks SEC approval for Spot Avalanche ETF under AVAX ticker

Major cryptocurrency investment company Grayscale Investments filed an S-1 with the US Securities and Exchange Commission (SEC) to launch a spot Avalanche (AVAX) exchange-traded fund (ETF).

Grayscale with the SEC on Friday to convert its existing Avalanche Trust into a publicly traded ETF, to a registration statement released on Monday.

The proposed fund uses the same wording as the underlying ticker of the Avalanche () cryptocurrency. It is designed to provide investors with direct exposure to the asset through traditional brokerage accounts.

Coinbase Custody will act as the custodian for AVAX, while BNY Mellon is expected to serve as the fund’s administrator and transfer agent.

Grayscale’s S-1 for a spot Avalanche ETF came months after the US stock exchange seeking permission to list the fund in March 2025.

“In connection with the effectiveness of this registration statement and the listing of the Shares on the Nasdaq stock market, the sponsor intends to rename the Trust as Grayscale AVAX Trust ETF as described in this registration statement,” Grayscale wrote in the filing.

The spot AVAX filing comes a year after, an AVAX investment trust, in August 2024.

The new filing comes in line with Grayscale’s active expansion , including filings for ETFs tracking XRP () and Dogecoin () earlier this year.

This is a developing story, and further information will be added as it becomes available.

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