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Nasdaq has filed Form 19b-4 for listing a Grayscale Avalanche ETF (AVAX).
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The AVAX price has risen from $16 to a staggering $22. It could reach $50 in the future if the momentum continues.
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Institutional investment is increasing. BlackRock’s BUIDL Fund on Avalanche has exceeded $50M AUM.
Grayscale Investments has filed a Form 19b-4 with the U.S. Securities and Exchange Commission to convert its Avalanche Trust (AVAX) into an exchange-traded Avalanche fund (ETF). Grayscale Investments filed the Form 19b-4 on behalf of Nasdaq to list the proposed ETF pending agency approval.
If approved, the spot AVAX ETF would provide institutional and retail investors with regulated exposure to Avalanche’s ecosystem directly via traditional brokerage accounts. This could boost confidence and liquidity in the AVAX token.
What is the Grayscale Avalanche Trust being converted?
Grayscale launched the Avalanche Trust private placement in August 2024. According to Grayscale, the Trust has approximately $1.76 million worth of assets. Its net asset values (NAV) were $10.86 per share recently, trading at a significant premium of 7.4% to its AVAX holdings.
Grayscale’s Bitcoin Trust was converted into an ETF earlier this year. This conversion aims to improve the liquidity and price tracking of its shares for investors.
How has AVAX Price performed?
AVAX has traded above $18 for the past few weeks. Analysts believe that the token’s ability this month to hold its $18 support level indicates further upside.
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Avalanche has dropped 8.1% in the last day to $20.14%. The price is now 86.5% lower than its peak of $150 in 2022. Recent stability suggests that if the buying pressure continues, the price could rise to $30 or even $50.
Technical indicators also support this trend. The Relative Strength Index is currently 72, indicating strong market interest. A bullish crossover between the short-term moving averages of 5 days and 20 days further indicates upward momentum.
Investor confidence has been boosted by the price level of AVAX remaining above $20. This could lead to AVAX reaching higher resistance levels over the next few weeks.
What other institutional interest exists in Avalanche
AVAX’s institutional investment increased dramatically in 2025. BlackRock’s BUIDL Fund, which operates on Avalanche has exceeded $50 million in assets managed (AUM). Trump’s WorldLibertyFi project (WLFi) has also expanded its presence on Avalanche C-Chain in line with VanEck ETF launch.
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If Grayscale’s ETF is approved by the SEC, it could lead to a faster adoption of AVAX by institutions, bringing with it more liquidity and stability in price.
The market is still cautious because regulatory uncertainty can lead to delays or refusals, which could impact short-term pricing.
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