灰度文件將其雪崩（avax）信任轉換為現場ETF

向美國證券交易委員會（SEC）提交的灰度投資將其現有的雪崩信託轉換為現場雪崩（Avax）交易所交易基金（ETF）。

Grayscale Investments has taken a step closer to launching a spot Avalanche (AVAX) exchange-traded fund (ETF) after filing with the U.S. Securities and Exchange Commission (SEC). Major exchange Nasdaq also submitted the necessary Form 19b-4 filing on Grayscale’s behalf to list the proposed ETF, pending agency review and approval.

在向美國證券交易委員會（SEC）提交後，灰度投資已邁向建立雪崩（Avax）交易所交易基金（ETF）的一步。納斯達克大型交易所還代表灰度提交了必要的19b-4備案表格，以列出擬議的ETF，即將進行的代理機構審查和批准。

If approved, the spot AVAX ETF will offer institutional and retail investors regulated exposure to Avalanche’s ecosystem directly through traditional brokerage accounts, potentially boosting confidence and liquidity for the AVAX token.

如果獲得批准，Avax ETF將直接通過傳統的經紀帳戶直接提供機構和散戶投資者對雪崩的生態系統的暴露，從而有可能提高avax代幣的信心和流動性。

What Is The Grayscale Avalanche Trust Being Converted?

什麼是灰色雪崩信任的轉換？

Grayscale launched its private placement Avalanche Trust back in August 2024. According to Grayscale’s website, the Trust currently holds about $1.76 million in assets. Its net asset value (NAV) per share stood at $10.86 recently, reportedly trading at a significant 7.4% premium to its underlying AVAX holdings.

Grayscale於2024年8月在2024年8月推出了私人安置雪崩信託基金。根據Grayscale的網站，該信託目前持有約176萬美元的資產。其每股淨資產價值（NAV）最近為10.86美元，據報導，其基礎avax持有量的交易價格為7.4％。

Converting this existing trust structure into an ETF aims to improve liquidity and price tracking for investors holding its shares, mirroring the process Grayscale successfully completed for its Bitcoin Trust earlier.

將這種現有信任結構轉換為ETF旨在改善持有其股份的投資者的流動性和價格跟踪，從而反映了灰度較早完成其比特幣信任的過程。

How Has AVAX Price Performed?

avax價格的性能如何？

AVAX has been trading above $18 in recent weeks. Analysts argue the token’s ability to hold its key $18 support level this month indicates further imminent upside.

最近幾週，Avax的交易超過18美元。分析師認為，該代幣本月保持其18美元支持水平的能力表明即將來臨的上升空間。

Related: Grayscale Seeks Green Light for Polkadot (DOT) ETF: Crypto Diversification Heats Up

相關：灰度為Polkadot（DOT）ETF尋求綠燈：加密多樣化加熱

Avalanche is trading at $20.14%, an 8.1% drop in the past day. The price has now dropped by 86.5% from its $150 peak in 2022. However, recent stability suggests a rally toward $30 or even $50 if buying pressure continues.

雪崩的交易價格為20.14％，過去一天下跌8.1％。現在，價格從2022年的150美元峰值下降了86.5％。但是，如果購買壓力繼續持續，最近的穩定性表明，穩定性提高到30美元甚至50美元。

Meanwhile, technical indicators support this trend. The Relative Strength Index (RSI) is currently at 72, reflecting strong market interest. A bullish crossover in the short-term 5-day and 20-day moving averages further suggests upward momentum.

同時，技術指標支持這一趨勢。相對強度指數（RSI）目前為72，反映了強烈的市場興趣。在短期5天和20天的搬遷平均值中，一個看漲的跨界次數進一步表明勢頭向上勢頭。

Maintaining price levels above $20 has strengthened investor confidence, which could push AVAX toward higher resistance levels in the coming weeks.

將價格水平保持在20美元以上，這增強了投資者的信心，這可能會在接下來的幾週內將Avax推向更高的阻力水平。

What Other Institutional Interest Exists in Avalanche?

雪崩中還存在哪些機構利益？

Notably, institutional investment in AVAX increased significantly in 2025. BlackRock’s BUIDL fund, which operates on Avalanche, has surpassed $50 million in assets under management (AUM). Additionally, Trump’s WorldLibertyFi (WLFi) project has expanded its presence on Avalanche’s C-Chain, aligning with VanEck’s ETF launch.

值得注意的是，在2025年，對Avax的機構投資顯著增長。在雪崩中運營的BlackRock的Buidl基金已超過了管理中的5000萬美元資產（AUM）。此外，特朗普的Worldlibertyfi（WLFI）項目擴大了其在Avalanche的C鏈上的影響力，與Vaneck的ETF發布保持一致。

Related: Avalanche Leadership Shift: Board Exits Hit AVAX as Market Watches Closely

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If Grayscale’s ETF gains SEC approval, it could accelerate institutional adoption of AVAX, bringing more liquidity and price stability.

如果Grayscale的ETF獲得了SEC的批准，它可能會加速機構採用Avax，從而帶來更多的流動性和價格穩定性。

However, the market remains cautious, as regulatory uncertainty could lead to delays or rejections that might impact short-term price action.

但是，市場仍然謹慎，因為監管不確定性可能導致可能影響短期價格行動的延誤或拒絕。