Grayscale Apply for Avalanche Trust. is the AVAX opportunity coming? #RWA Track#AVAX Trust

Grayscale, the world's largest crypto asset management company, submitted documents to the SEC, intending to launch Avalanche Trust, track AVAX prices, plan to list ASDAQ (later renamed ETFs), which is managed by Coinbase Custody and managed by BNY Mellon, which is a wave of Altcoin ETF applications. The data on the Avalanche chain is improving, and AVAX now has about US$23 and has the potential to rebound, but we need to be wary of risks such as SEC approval and market volatility. This move shows that institutions are interested in crypto assets. Grayscale, the world's largest crypto asset management company, submitted S-1 documents to the SEC on August 22, planning to launch Avalanche trust products, opening a new channel for institutional investors to compliant investment in AVAX. The trust will track AVAX prices, plan to be listed on Nasdaq, and plans to be renamed to ETFs in the future. Investors can trade through traditional brokerage accounts without directly holding tokens. The product adopts a 10,000-share "basket" issuance and redemption model, and is managed by Coinbase Custody and BNY Mellon, which continues Grayscale's consistent compliance framework. This move is not an isolated case. VanEck has previously submitted an Avalanche ETF application. Grayscale and VanEck also updated their Solana ETF applications in early August, indicating that institutions' interest in Altcoin has expanded from Bitcoin and Ethereum to more digital assets. In terms of approval, the SEC has a 240-day review period for 19b-4 applications, and Nasdaq has submitted a listing application in advance in March, paving the way for the product to be implemented. As a three-chain smart contract platform, Avalanche achieved significant technological breakthroughs with the upgrade of Octane, with transaction fees reduced by 42.7%. Daily transaction volume rebounded to more than 1.5 million transactions in August, an increase of nearly three times from the beginning of the month. Its ecosystem has made outstanding progress in the RWA field and has been included in the Visa stablecoin settlement system. Franklin Tanberton and other institutions have deployed tokenization projects. At the market level, AVAX is currently priced at about US$23 and has a market value of US$10 billion, but the on-chain data sends positive signals: the weekly DEX trading volume reached US$3.08 billion, close to the level before the price rise in March 2024, and DeFi TVL returned to US$2 billion. Analysts predict that if the resistance level is broken, it may rebound to $33-50 in the short term, and it is even expected to reach $216 in the long term. Historical data shows that it often showed strong momentum in the fourth quarter, and it started rising at the end of Q3 for two consecutive years from 2023 to 2024. In terms of risks, we need to pay attention to the uncertainty of SEC approval, market volatility and potential discount risks of Grayscale products - GBTC had previously had a discount of nearly 50%. However, Avalanche's on-chain activity growth, institutional project implementation and technological upgrading results provide support for its value. This application marks an accelerated integration of traditional finance and crypto assets, but if approved, it will further promote the institutionalization of the crypto market, and also requires investors to weigh multiple risks such as supervision and market volatility. [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video does not have any investment advice, it is only used as information sharing]