Grayscale’s AVAX ETF enters the final lap – But can it beat VanEck, Bitwise?
The race for the first U.S. spot Avalanche (AVAX) ETF is intensifying as Grayscale Investments filed a second amendment to its S-1 registration statement, moving closer to converting its Avalanche Trust into a spot ETF (ticker: GAVX). The update includes "in-kind" creation and redemption models for better tax efficiency and price tracking, and consolidates governance under a single sponsor. However, Grayscale has not yet disclosed management fees or staking details, adopting a "wait-and-see" approach amid competition. Rivals like VanEck and Bitwise have also filed for AVAX ETFs, with VanEck revealing a competitive 0.34% fee and staking plans. Approval could significantly boost AVAX's institutional adoption and liquidity.
ambcrypto12/25 05:02
