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Grayscale's revised S-1 advances Avalanche spot ETF bid against VanEck and Bitwise
Grayscale Investments has filed a second amendment to its S-1, detailing the conversion of its existing Avalanche Trust into a spot ETF that would trade on Nasdaq under the ticker GAVX. The issuer is shifting to an in-kind creation and redemption model, updating its sponsor structure, and refining risk and financial disclosures, while rivals VanEck and Bitwise advance competing AVAX ETF proposals.