灰度文件将其雪崩（avax）信任转换为现场ETF

向美国证券交易委员会（SEC）提交的灰度投资将其现有的雪崩信托转换为现场雪崩（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.

在向美国证券交易委员会（SEC）提交后，灰度投资已迈向建立雪崩（Avax）交易所交易基金（ETF）的一步。纳斯达克大型交易所还代表灰度提交了必要的19b-4备案表格，以列出拟议的ETF，即将进行的代理机构审查和批准。

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.

如果获得批准，Avax ETF将直接通过传统的经纪帐户直接提供机构和散户投资者对雪崩的生态系统的暴露，从而有可能提高avax代币的信心和流动性。

What Is The Grayscale Avalanche Trust Being Converted?

什么是灰色雪崩信任的转换？

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于2024年8月在2024年8月推出了私人安置雪崩信托基金。根据Grayscale的网站，该信托目前持有约176万美元的资产。其每股净资产价值（NAV）最近为10.86美元，据报道，其基础avax持有量的交易价格为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.

将这种现有信任结构转换为ETF旨在改善持有其股份的投资者的流动性和价格跟踪，从而反映了灰度较早完成其比特币信任的过程。

How Has AVAX Price Performed?

avax价格的性能如何？

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.

最近几周，Avax的交易超过18美元。分析师认为，该代币本月保持其18美元支持水平的能力表明即将来临的上升空间。

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

相关：灰度为Polkadot（DOT）ETF寻求绿灯：加密多样化加热

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.

雪崩的交易价格为20.14％，过去一天下跌8.1％。现在，价格从2022年的150美元峰值下降了86.5％。但是，如果购买压力继续持续，最近的稳定性表明，稳定性提高到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.

同时，技术指标支持这一趋势。相对强度指数（RSI）目前为72，反映了强烈的市场兴趣。在短期5天和20天的搬迁平均值中，一个看涨的跨界次数进一步表明势头向上势头。

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

将价格水平保持在20美元以上，这增强了投资者的信心，这可能会在接下来的几周内将Avax推向更高的阻力水平。

What Other Institutional Interest Exists in Avalanche?

雪崩中还存在哪些机构利益？

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，对Avax的机构投资显着增长。在雪崩中运营的BlackRock的Buidl基金已超过了管理中的5000万美元资产（AUM）。此外，特朗普的Worldlibertyfi（WLFI）项目扩大了其在Avalanche的C链上的影响力，与Vaneck的ETF发布保持一致。

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

相关：雪崩领导班班：董事会出口紧密地击中了Avax

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获得了SEC的批准，它可能会加速机构采用Avax，从而带来更多的流动性和价格稳定性。

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

但是，市场仍然谨慎，因为监管不确定性可能导致可能影响短期价格行动的延误或拒绝。