Avalanche (AVAX) prices have risen over 5%, reaching around $24.89, as the community anticipates Grayscale's ETF approval. This news has sparked significant discussion.
News Flow on ETF Application
Grayscale filed to convert its Avalanche Trust into a spot AVAX ETF on August 22, 2025. This news has generated significant interest, with discussions focusing on its potential impact on the token's future.
Market Sentiment Among Traders
According to GROK AI, the response on platform X has been predominantly positive, with over 80% of posts from traders and influencers expressing an optimistic outlook. Traders highlight Avalanche's strong fundamentals, including over 10.9 million weekly transactions and more than $3 billion in DEX volume.
AVAX Price Scenarios Post-ETF Approval
In an optimistic scenario, a swift ETF approval could see AVAX prices soar to between **$35 and $50** in the short term. A neutral scenario might result in prices ranging from **$28 to $35**. The pessimistic scenario, which nobody wants, suggests a drop to **$18 to $22** if the SEC rejects the application.
Overall, the market sentiment around Avalanche is bullish, yet caution is advised. An ETF approval may act as a significant driver for AVAX price growth, but uncertainties remain.
