Grayscale Investments正在推进其创建雪崩（Avax）交易所交易基金（ETF）的努力

Grayscale Investments正在推进其创建雪崩（Avax）交易所交易基金（ETF）的努力，进一步巩固了区块链技术中日益增长的机构兴趣。

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正在推进其创建雪崩（Avax）交易所交易基金（ETF）的努力，进一步巩固了区块链技术中日益增长的机构兴趣。

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.

根据2025年3月27日提交的申请，纳斯达克将与美国证券交易委员会（SEC）列为与美国证券交易委员会（SEC）的ETF的股份和交易股票。尽管最近降低了Avax的价格，但该举措旨在使投资者更容易，使投资者更加有效地获得对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.

截至最新数据，Avax的价格下跌了7％以上，交易价格约为20美元。在更广泛的市场波动性的情况下，这种价格下跌是出现的。

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，对ETF的申请表明，即使短期价格波动，Grayscale作为分散融资（DEFI）和区块链技术的关键参与者的长期机构需求，即使是短期价格波动。

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.

拟议的灰度雪崩ETF的主要目标是根据旨在跟踪令牌价格的基准指数来反映avax的市场价值。通过此ETF，Grayscale的目标是使投资者在不直接持有令牌本身的情况下更容易获得Avax。

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

这个简化的过程消除了通常与自我顾客相关的技术障碍或使用加密货币交换，从而使主流投资者更容易获得。

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.

对于机构投资者来说，该产品可能会改变游戏规则，他们可能会发现通过ETF进行投资，而不是直接与加密货币市场进行交互更简单，更安全。通过使用ETF，投资者可以避免管理私钥或处理复杂的钱包解决方案。

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.

该文件显示，CSC特拉华信托公司将担任该基金的受托人，而Coinbase监护信托公司将提供托管服务。此外，BNY Mellon将担任管理员和转让代理人的角色，而Foreside Fund Services将管理该产品的营销。 Coindesk Indices，Inc。将提供基准指数，以确保ETF的性能反映了Avax的市场价值。

Avalanche Trust’s Transformation

雪崩信任的转型

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获得SEC批准，Grayscale的Avalanche Trust目前管理约170万美元的资产，可能会转换为公开交易的产品。该信托的年收费相对较高2.5％，但是向ETF过渡可以提供更大的流动性和更广泛的采用，尤其是在机构投资者中。

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

ETF申请可以帮助增加对雪崩的需求，从而巩固其在全球区块链景观中的作用。

Institutional Interest in Avalanche

雪崩的机构兴趣

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.

灰度并不是唯一探索avax ETF的公司。 2025年3月早些时候，资产经理Vaneck还向SEC申请了类似产品，反映了雪崩区块链的更广泛的机构利益。

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.

这种日益增长的兴趣强调了雪崩的认可是领先的区块链，以其速度，可扩展性和低成本交易而闻名，这是分散融资应用的关键功能。

Support from Ava Labs CEO

AVA Labs首席执行官的支持

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

雪崩背后的组织Ava Labs的创始人兼首席执行官EminGünIrer表示支持对Avax ETF的兴趣上升。

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认为，这些产品是投资者参与区块链技术的一种创新方式，尤其是对于没有深厚技术知识的人来说。他强调说，Avax ETF可以弥合传统投资者与区块链世界之间的差距，最终加速了采用分散的金融和Web3技术。

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.

尽管最近价格波动，但雪崩及其原住民代币的长期前景仍然很强。随着灰度和Vaneck的ETF申请通过监管过程的进展，他们可以为新一波的机构投资者打开大门，进入雪崩生态系统。

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

如果SEC批准了这些ETF，则可以提高对avax的需求并加强其在区块链空间中的地位。

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.

纳斯达克上市的Avax ETF的推动表明，雪崩的制度兴趣日益增长。在Grayscale和Vaneck等主要参与者的支持下，Avalanche作为主流区块链平台的未来看起来很有希望，可能会改变投资者与分散技术的互动方式。