Grayscale Investments正在推進其創建雪崩（Avax）交易所交易基金（ETF）的努力

Grayscale Investments正在推進其創建雪崩（Avax）交易所交易基金（ETF）的努力，進一步鞏固了區塊鏈技術中日益增長的機構興趣。

Grayscale Investments is advancing its efforts to create a spot Avalanche (AVAX) exchange-traded fund (ETF), further solidifying the growing institutional interest in blockchain technology.

Grayscale Investments正在推進其創建雪崩（Avax）交易所交易基金（ETF）的努力，進一步鞏固了區塊鏈技術中日益增長的機構興趣。

Nasdaq is set to list and trade shares of the Grayscale Avalanche Trust as an ETF with the U.S. Securities and Exchange Commission (SEC), according to an application filed on March 27, 2025. This move is designed to make it easier and more efficient for investors to gain exposure to Avalanche, despite a recent dip in the price of AVAX.

根據2025年3月27日提交的申請，納斯達克將與美國證券交易委員會（SEC）列為與美國證券交易委員會（SEC）的ETF的股份和交易股票。儘管最近降低了Avax的價格，但該舉措旨在使投資者更容易，使投資者更加有效地獲得對Avalanche的曝光率。

As of the most recent data, AVAX’s price has dropped by more than 7%, trading at around $20. This price decline comes amid broader market volatility.

截至最新數據，Avax的價格下跌了7％以上，交易價格約為20美元。在更廣泛的市場波動性的情況下，這種價格下跌是出現的。

However, the filing for the ETF shows that Grayscale is focusing on long-term institutional demand for Avalanche as a key player in decentralized finance (DeFi) and blockchain technology, even with short-term price fluctuations.

但是，對ETF的申請表明，即使短期價格波動，Grayscale作為分散融資（DEFI）和區塊鏈技術的關鍵參與者的長期機構需求，即使是短期價格波動。

The main goal of the proposed Grayscale Avalanche ETF is to mirror the market value of AVAX based on a benchmark index designed to track the price of the token. Through this ETF, Grayscale aims to make it easier for investors to gain exposure to AVAX without directly holding the token itself.

擬議的灰度雪崩ETF的主要目標是根據旨在跟踪令牌價格的基準指數來反映avax的市場價值。通過此ETF，Grayscale的目標是使投資者在不直接持有令牌本身的情況下更容易獲得Avax。

This streamlined process eliminates the technical barriers typically associated with self-custody or using cryptocurrency exchanges, making it more accessible to mainstream investors.

這個簡化的過程消除了通常與自我顧客相關的技術障礙或使用加密貨幣交換，從而使主流投資者更容易獲得。

This product could be a game-changer for institutional investors, who may find it simpler and more secure to invest via an ETF rather than directly interacting with cryptocurrency markets. By using an ETF, investors can avoid managing private keys or dealing with complex wallet solutions.

對於機構投資者來說，該產品可能會改變遊戲規則，他們可能會發現通過ETF進行投資，而不是直接與加密貨幣市場進行交互更簡單，更安全。通過使用ETF，投資者可以避免管理私鑰或處理複雜的錢包解決方案。

The filing revealed that CSC Delaware Trust Company will serve as the trustee for the fund, while Coinbase Custody Trust Company will provide custodial services. Additionally, BNY Mellon will take on the role of administrator and transfer agent, while Foreside Fund Services will manage marketing for the product. CoinDesk Indices, Inc. will provide the benchmark index to ensure the ETF’s performance reflects AVAX’s market value.

該文件顯示，CSC特拉華信託公司將擔任該基金的受託人，而Coinbase監護信託公司將提供託管服務。此外，BNY Mellon將擔任管理員和轉讓代理人的角色，而Foreside Fund Services將管理該產品的營銷。 Coindesk Indices，Inc。將提供基準指數，以確保ETF的性能反映了Avax的市場價值。

Avalanche Trust’s Transformation

雪崩信任的轉型

Grayscale’s Avalanche Trust, which currently manages about $1.7 million in assets, could potentially be converted into a publicly traded product if the ETF is approved by the SEC. The Trust charges a relatively high annual fee of 2.5%, but transitioning to an ETF could offer greater liquidity and broader adoption, especially among institutional investors.

如果ETF獲得SEC批准，Grayscale的雪崩信託目前管理約170萬美元的資產，可能會轉換為公開交易的產品。該信託的年收費相對較高2.5％，但是向ETF過渡可以提供更大的流動性和更廣泛的採用，尤其是在機構投資者中。

The ETF filing could help increase demand for Avalanche, cementing its role in the global blockchain landscape.

ETF申請可以幫助增加對雪崩的需求，從而鞏固其在全球區塊鏈景觀中的作用。

Institutional Interest in Avalanche

雪崩的機構興趣

Grayscale is not the only firm exploring AVAX ETFs. Earlier in March 2025, asset manager VanEck also filed with the SEC for a similar product, reflecting broader institutional interest in the Avalanche blockchain.

灰度並不是唯一探索avax ETF的公司。 2025年3月早些時候，資產經理Vaneck還向SEC申請了類似產品，反映了雪崩區塊鏈的更廣泛的機構利益。

This growing interest highlights Avalanche’s recognition as a leading blockchain, known for its speed, scalability, and low-cost transactions—key features for decentralized finance applications.

這種日益增長的興趣強調了雪崩的認可是領先的區塊鏈，以其速度，可擴展性和低成本交易而聞名，這是分散融資應用的關鍵功能。

Support from Ava Labs CEO

AVA Labs首席執行官的支持

Emin Gün Sirer, the founder and CEO of Ava Labs, the organization behind Avalanche, expressed his support for the rising interest in AVAX ETFs.

雪崩背後的組織Ava Labs的創始人兼首席執行官EminGünIrer表示支持對Avax ETF的興趣上升。

Sirer believes these products represent an innovative way for investors to engage with blockchain technology, especially for those without deep technical knowledge. He highlighted that AVAX ETFs could bridge the gap between traditional investors and the world of blockchain, ultimately accelerating the adoption of decentralized finance and Web3 technologies.

Sirer認為，這些產品是投資者參與區塊鏈技術的一種創新方式，尤其是對於沒有深厚技術知識的人來說。他強調說，Avax ETF可以彌合傳統投資者與區塊鏈世界之間的差距，最終加速了採用分散的金融和Web3技術。

Despite recent price volatility, the long-term outlook for Avalanche and its native token remains strong. As the ETF filings from Grayscale and VanEck progress through the regulatory process, they could open the door for a new wave of institutional investors to enter the Avalanche ecosystem.

儘管最近價格波動，但雪崩及其原住民代幣的長期前景仍然很強。隨著灰度和Vaneck的ETF申請通過監管過程的進展，他們可以為新一波的機構投資者打開大門，進入雪崩生態系統。

If the SEC approves these ETFs, it could boost demand for AVAX and strengthen its position in the blockchain space.

如果SEC批准了這些ETF，則可以提高對avax的需求並加強其在區塊鏈空間中的地位。

The push for a Nasdaq-listed AVAX ETF demonstrates the growing institutional interest in Avalanche. With support from major players like Grayscale and VanEck, the future of Avalanche as a mainstream blockchain platform looks promising, potentially transforming how investors interact with decentralized technologies.

納斯達克上市的Avax ETF的推動表明，雪崩的製度興趣日益增長。在Grayscale和Vaneck等主要參與者的支持下，Avalanche作為主流區塊鏈平台的未來看起來很有希望，可能會改變投資者與分散技術的互動方式。