SEC Hits Pause on Avalanche ETF: Grayscale’s Bid Faces Extended Review
The SEC just slammed the brakes on crypto's latest Wall Street ambitions—again. Grayscale's Avalanche ETF proposal now languishes in regulatory purgatory as the agency kicks the can down the road.
When patience wears thinner than a trader's margin
This marks the third delay for the would-be fund, with the SEC demanding 'additional time' to scrutinize Grayscale's filing. Never mind that AVAX rallied 20% on the initial application—Washington's approval process moves at blockchain speeds (the slow kind).
Behind the bureaucratic curtain
Insiders whisper the holdup centers on custody questions and those pesky 'investor protection' concerns. Because clearly, crypto enthusiasts are known for their risk aversion.
The closing irony? This decision drops the same week BlackRock's Bitcoin ETF notches record inflows. Wall Street wants in—just not enough to actually modernize the rulebook.
SEC decision on Grayscale’s Avalanche ETF delay proposal The Avalanche ETF delay has once again brought regulatory uncertainty to the crypto space. The Read More
