Avalanche ETF Sparks AVAX Price Surge

Grayscale Files for Avalanche ETF Amid AVAX Price Rebound Prediction

• Grayscale has filed with the US SEC to offer an Avalanche ETF, which will trade on Nasdaq.
• VanECK was the first to file for an AVAX ETF with the SEC two weeks prior.
• The AVAX price is predicted to rebound to $44, according to analyst Jarfan.
• Jarfan notes a bullish structure forming for AVAX, showing relative strength compared to other altcoins.
• The altcoin is holding above strong support levels with minimal drawbacks currently observed.

Grayscale’s filing for an Avalanche ETF coincides with predictions of a price rebound for AVAX to $44, highlighting a potential bullish trend in the market. The filing follows VanECK’s earlier submission and reflects ongoing interest in altcoin ETFs under current SEC administration.