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.

AVAX2,28%
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RooftopReservervip
· 9h ago
Grayscale is back to buy in, AVAX is really going to rise this time.
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BearMarketHustlervip
· 9h ago
Grayscale's move is truly awesome; institutional entry is just different. AVAX has taken off directly.
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NotFinancialAdvicevip
· 9h 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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0xTherapistvip
· 10h 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.
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