AVAX Eyes New Rally as Grayscale Updates Spot Avalanche ETF Filing
- Grayscale introduces adjustments across several technical areas in its update Avalanche spot ETF application.
- AVAX price surged 9% over the past week, following enthusiasm surrounding the U.S. Avalanche ETF moves.
Grayscale Investments has filed amendment documents to the U.S. Securities and Exchange Commission (SEC) to launch a spot Avalanche (AVAX) exchange-traded fund (ETF). This application puts AVAX on a positive note as it eyes a new rally.
Grayscale filed an updated S-1 registration statement for its spot Avalanche ETF with the U.S. SEC on December 23, 2025. The amended application indicates ongoing engagement with regulators. It also places Avalanche firmly in the ETF conversation alongside other major layer-1 cryptocurrencies.
Grayscale introduces adjustments across several technical areas in the amended statements. These include expanded risk disclosures, updated tax treatment language, in-kind creation and redemption mechanics, and refreshed financial information.
Grayscale, however, did not share details about management or staking fees in this amendment. Instead, the firm clarified its structure by naming Grayscale Investments Sponsors LLC as the sole sponsor of the trust. These changes suggest that the AVAX ETF application process is progressing methodically and not stalling.
The key goal of Grayscale is to convert its existing Avalanche Trust into a spot ETF. As indicated in our earlier story, the ETF will trade on Nasdaq under the ticker “GAVX.”Approval of the proposed instrument is seen as a major development for both institutional and retail investors. This is because it would mark a key upgrade in accessibility and visibility for Avalanche exposure.
Investors would be allowed exposure to AVAX without having to hold the token directly if the SEC eventually approves the ETF. Many see this as an entry point for investors, especially as the Avalanche ecosystem continues to expand in various directions.
AVAX Price on a Recovery Journey
Unsurprisingly, Grayscale is not the only asset manager eyeing the potential of the Avalanche network. Specifically, this year, VanEck and Bitwise submitted application documents to the U.S. SEC to launch a spot Avalanche ETF.
In March, VanEck filed an S-1 registration with the SEC, aiming to expand its crypto investment options with the AVAX ETF. In the subsequent month, VanEck officially filed to list an AVAX ETF on Nasdaq, as highlighted in our previous article. Furthermore, the asset manager introduced a 0.30% management fee and named Coinbase as its staking partner.
In a similar move, Bitwise has set its management fee at 0.34% per year, as indicated in its updated S-1 filing. The Bitwise Avalanche ETF would trade under the ticker BAVA if approved. The ETF could become the first U.S. Avalanche ETF that passes on staking yield to shareholders.
In reaction to the ETF optimism, the price of AVAX climbed more than 9% over the past week. However, the momentum has cooled slightly, as AVAX declined by 1.4% in the past 24 hours to $12.01.
Nevertheless, AVAX appears set for a new rally once momentum resumes in the broader crypto market.
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