Overview

• The S-1 seeks to uplist Grayscale’s private Avalanche Trust and rebrand it as the Grayscale AVAX Trust ETF upon effectiveness.
• BNY Mellon is named administrator, Coinbase will serve as custodian and prime broker, and CSC Delaware Trust Company is designated trustee.
• Shares would be issued and redeemed in 10,000-share baskets with cash-only orders at launch, with in-kind activity contingent on future approvals.
• The trust may participate in AVAX staking under defined conditions, potentially earning rewards while staked tokens could be temporarily inaccessible.
• SEC approval remains outstanding following Nasdaq’s March 19b-4 filing, with competing AVAX ETF proposals such as VanEck’s still under review.