Avalanche (AVAX) witnessed a notable 11% price surge following Grayscale's S-1 filing update, which outlines the conversion of its Avalanche Trust into a spot AVAX ETF. The market responded swiftly—trading volume exploded 140%, reaching $546 million during the rally. This institutional move signals growing confidence in AVAX's market position and reflects broader adoption trends within traditional finance institutions seeking exposure to the Avalanche ecosystem.
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RooftopReserver
· 4h ago
Grayscale is back to buy in, AVAX is really going to rise this time.
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BearMarketHustler
· 4h ago
Grayscale's move is truly awesome; institutional entry is just different. AVAX has taken off directly.
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NotFinancialAdvice
· 4h ago
The grayscale conversion to spot ETF has indeed boosted AVAX's price quite a bit, but how long this wave can last is really uncertain.
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0xTherapist
· 4h ago
Grayscale's move this time is truly impressive. Institutional involvement is just different. Whether AVAX can truly take off this time depends on what happens next.
Avalanche (AVAX) witnessed a notable 11% price surge following Grayscale's S-1 filing update, which outlines the conversion of its Avalanche Trust into a spot AVAX ETF. The market responded swiftly—trading volume exploded 140%, reaching $546 million during the rally. This institutional move signals growing confidence in AVAX's market position and reflects broader adoption trends within traditional finance institutions seeking exposure to the Avalanche ecosystem.