Grayscale Files S-1 to Convert AVAX Trust into Spot Avalanche ETF - Major Crypto Milestone Ahead

Grayscale just dropped the paperwork—AVAX is heading for the ETF big leagues.

The Filing Breakdown

That S-1 isn’t just another form. It’s Grayscale’s play to turn its Avalanche trust into a fully-fledged spot ETF. Think lower fees, better liquidity, and way more mainstream appeal. Wall Street’s about to get a direct line to one of crypto’s most scalable Layer 1s.

Why It Matters Now

Timing is everything. With the SEC’s resistance crumbling and institutional demand heating up, Grayscale isn’t waiting around. They’re pushing hard to capitalize on the momentum—because in crypto, you strike while the regulators are distracted.

Another Nail in the Coffin for Active Fund Management

Let’s be real—this move is another blow to overpriced, underperforming active funds. Why pay a 2% management fee for subpar returns when a spot ETF offers transparency and direct exposure? The old guard won’t admit it, but their days are numbered.