Grayscale filed a registration statement with the SEC to uplist the Grayscale Avalanche Trust, seeking conversion into a spot Avalanche ETF that would track AVAX’s market price, with custody handled by Coinbase and listing support from Nasdaq, per Grayscale’s SEC filing.
Grayscale submitted an SEC registration to uplist its Avalanche Trust into an ETF.
Nasdaq filed a 19b-4 on Grayscale’s behalf; Coinbase provides custody for the fund’s AVAX holdings.
Avalanche is the 22nd largest crypto (~$10B market cap); DefiLlama reports ~ $2B in DeFi TVL on Avalanche.
Grayscale Avalanche Trust ETF filing advances with Nasdaq support; monitor SEC decisions—stay informed on AVAX ETF approval timelines. Read now.
What is the Grayscale Avalanche Trust uplist filing?
Grayscale Avalanche Trust is a registered investment vehicle that Grayscale submitted to the U.S. Securities and Exchange Commission to convert from a private trust into a spot Avalanche ETF. The filing requests approval to uplist shares for public trading on an exchange, supporting direct exposure to AVAX’s spot price.
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The proposed fund would track Avalanche’s spot price and hold AVAX tokens in custody. According to Grayscale’s SEC filing, Coinbase would safeguard the fund’s coins, while Nasdaq has taken procedural steps—filing a 19b-4 form on Grayscale’s behalf—to list shares on its exchange.
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Source: https://en.coinotag.com/grayscale-files-to-uplist-avalanche-trust-could-open-path-to-spot-avax-etf/