Grayscale’s Avalanche ETF Plan Emerges as AVAX Targets $28–$33 Breakout

Wall Street's crypto embrace accelerates as Grayscale files for Avalanche ETF—just as AVAX eyes its next major price surge.

Institutional Avalanche

Grayscale drops another crypto bomb—this time targeting Avalanche. The digital asset manager just filed plans for an AVAX-focused ETF, signaling deeper institutional appetite for altcoins beyond Bitcoin and Ethereum. Traders immediately pushed AVAX toward the $28–$33 range, smelling blood in the water—and fresh institutional liquidity.

Price Momentum Builds

AVAX isn’t waiting around. The token’s pushing hard against resistance, fueled by speculation that Wall Street’s next wave of crypto products will include smart contract platforms. An ETF would open floodgates—mainstream investors get easy exposure, and Avalanche gains legitimacy beside the big two. Funny how a ticker symbol suddenly makes a blockchain 'respectable'.

The Bigger Game

Grayscale’s move isn’t random—it’s strategic positioning in the ETF arms race. While everyone fights over Bitcoin and Ethereum ETFs, grabbing Avalanche early could pay dividends. Especially if the SEC eventually softens its altcoin stance. Because nothing says 'regulatory maturity' like chasing the next shiny object in crypto.

AVAX charges toward key thresholds—with or without Wall Street’s blessing. Sometimes the market moves faster than paperwork.

• Avalanche (AVAX) slipped 4% in 24 hours but still posted a 0.89% weekly gain.
• Bitcoin’s drop below $111K sparked altcoin-wide selling pressure.
• Grayscale filed to convert its Avalanche Trust into a spot ETF.
• AVAX may target $28–$33 before a possible corrective phase.

Avalanche (AVAX) dipped close to 4% over the last 24 hours, reflecting weakness in the overall crypto space. In spite of the fall, the token remained positively inclined in the weekly chart with a slight 0.89% increase.

The decline followed Bitcoin’s retreat below $111,000, a move that triggered selling pressure across major altcoins. With sentiment leaning bearish, AVAX traded in line with the broader market downturn.

Grayscale Pushes AVAX ETF Plan

Amid market pressure, Avalanche attracted attention from institutional investors. 

Grayscale Investments, the largest crypto asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Avalanche Trust into a spot ETF.

Grayscale has indeed come out with similar funds indexed to Bitcoin and ethereum such that mainstream investors can gain exposure to leading cryptocurrencies.

If it is approved, the Avalanche ETF will represent another MOVE into mainstream adoption and potentially increase AVAX’s liquidity.

AVAX Aims $28–$33 Before Correction

According to analysis from More Crypto Online, AVAX may still have room for another upward push before facing a deeper correction. 

The projection suggests AVAX could climb toward the $28–$33 range before resuming a potential wave C decline.

Analysis also identified that a sustainable push to $100 is doable but is highly speculative and relies on strong bullish catalysts and favorable markets.

The current major support is around $12.50 to $16.75, and April’s low has been pegged as a major invalidation point. A breakdown below that level will substantially diminish chances of a bigger rally.

Avalanche Balances Risk and Opportunity

Avalanche is right now caught amidst short-term volatility and long-term institutional positivity.

While market conditions remain challenging, Grayscale’s ETF filing signals growing recognition of AVAX within traditional finance.

Investors will be observing closely to determine whether the token is able to sustain support levels and take advantage of better demand once sentiment improves more broadly.