Grayscale Goes All-In on Avalanche — What It Means for AVAX HoldersAvalanche
- Nasdaq files for a Grayscale AVAX Trust ETF, potentially boosting institutional adoption by offering a regulated entry point, and countering competition.
- Grayscale’s AVAX Trust, with a 2.5% fee, highlights Avalanche’s role in RWA tokenization and joins Grayscale’s expanding crypto portfolio.
- AVAX shows bullish technicals, rivaling Ethereum’s speed, with analysts predicting a demand surge, despite recent price volatility.
Avalanche’s adoption is poised for a boost after Nasdaq files Form 19b-4 with the US SEC to apply for listing shares of Grayscale AVAX Trust, as per the official document.
This move could elevate institutional confidence, providing a regulated entry point. If this ETF listing gets the green light, it might counterbalance the competition, driving broader adoption and ecosystem strength.
The potential ETF would directly hold AVAX tokens. Grayscale would oversee the ATrust with a 2.5% fee. A major crypto asset manager, Grayscale, is a known player in the ETF scene. Other firms, like VanEck, are also pursuing Avalanche ETF listings.
This trust highlights Avalanche’s key role in RWA tokenization and adds to Grayscale’s growing portfolio, which already includes $BTC, $ETH, and $SOL. With recent expansions into $TAO, $SUI, and more, Grayscale is pushing the boundaries of crypto investing.
As for Avalanche, the token rivals Ethereum with faster transaction finality. Market observers expect the token’s demand to rise. Following the development, AVAX’s technical price chart has formed a bullish structure, showcasing resilience compared to other altcoins.
Avalanche: Bullish Outlook vs. Current Price Drop – What’s Next?
Experts highlight a strong support level, with barely any pullbacks. The key factor rests on BTC breaking out from 88k. If momentum is sustained, one can see $AVAX rise above $30 in no time.
Market analysts see the token’s potential to reach the top 10 soon and predict a potential demand surge.
One of the cleanest charts on the market at the moment Took out previous low and looks to be putting in a double bottom on HTF Overall very bullish structure being formed at the moment and it’s showing a lot of relative strength in comparison to other alts
Despite the bullish outlook, AVAX’s price is down 6.69%, at $20.42, in the daily index. While bearish trends persist, strategic partnerships and network expansion paint a bullish future. Traders should brace for volatility, though—it’s not a smooth ride yet!
