Grayscale, a giant in the crypto investment field, has submitted an application to convert its Avalanche Trust into an ETF offering direct access to the AVAX token on Nasdaq. This decision reflects the growing interest in Avalanche among major financial players.
Grayscale's Avalanche Strategy
In August 2025, Grayscale filed an S-1 form aimed at converting its Avalanche Trust into a spot AVAX ETF that will provide direct exposure to this token via Nasdaq. No derivatives, no leverage; just pure AVAX. Coinbase will handle asset custody, while BNY Mellon will manage administration. Up to 85% of AVAX tokens could be staked if regulatory conditions permit.
Avalanche's Popularity Among Major Financial Organizations
Despite being overlooked by the general public, Avalanche has attracted attention from large companies and funds. Notably, companies like Toyota, SkyBridge Capital, and Visa are exploring use cases for this blockchain platform. "Avalanche has always been that blockchain in search of real use cases, to migrate the world onto the chain," summarized Luigi D'Onorio DeMeo on X.
Potential of the AVAX ETF for Crypto Investors
The emergence of an AVAX ETF could represent a significant leap in crypto portfolio management, allowing investors clearer transparency. This isn't the first attempt, and while the SEC continues to delay decisions on other crypto products, Grayscale is moving ahead without official approval.
The possible emergence of an AVAX ETF could not only change the game for crypto investing but also offer new opportunities for portfolio diversification, granting access to blockchain infrastructure that is not merely a speculative asset.
