{"id":154246,"date":"2025-03-28T22:00:34","date_gmt":"2025-03-28T20:00:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154246"},"modified":"2025-03-28T17:56:16","modified_gmt":"2025-03-28T15:56:16","slug":"grayscale-seeks-sec-approval-for-avalanche-etf-listing","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/grayscale-seeks-sec-approval-for-avalanche-etf-listing\/","title":{"rendered":"Grayscale Seeks SEC Approval for Avalanche ETF Listing"},"content":{"rendered":"

The filing<\/a><\/strong>, submitted on March 27, seeks permission for a rule change that would allow the Grayscale Avalanche Trust (AVAX) to be listed. This move comes as part of a conversion process from Grayscale\u2019s closed-ended AVAX fund, launched in August 2024.<\/p>\n

According to Grayscale, the conversion into an ETF would enable the product to more accurately reflect the value of its underlying assets through an arbitrage mechanism, which is typical of ETFs.<\/p>\n

At the time of this filing, the Grayscale Avalanche Trust managed assets worth $1.76 million, with a net asset value of $10.86 per share, showing a 7.4% premium over the value of its underlying assets.<\/p>\n