Jumping on the bandwagon of companies offering institutional exposure to AVAX through regulated vehicles, Bitwise will join VanEck and Grayscale, after it filed for a spot Exchange Traded Fund (ETF) with the U.S. SEC. The ETF, which still lacks a ticker symbol, will closely mirror Avalanche’s token (AVAX) price minus the operational expenses, and Coinbase Custody will serve as the digital asset custodian.
“The trust will hold only AVAX tokens and use the CME CF Avalanche-Dollar Reference Rate as its pricing benchmark, calculated daily at 4:00 PM ET from multiple constituent platforms,” according to Yahoo Finance.
Bitwise Asset Management’s 19-b filing follows Delaware statutory trust structure, offering cost-effective exposure to Avalanche through traditional securities markets. The Delaware structure provides a way for multiple investors to own fractional interests in large assets (like commercial real estate) while keeping liability protection.
According to Bloomberg Intelligence, the odds of approval for the ETF is high as institutional demand drives applications beyond Bitcoin and Ethereum products.
VanEck introduced the Purpose-built Fund, designed specifically for Avalanche-based enterprises and focused on native real-world asset products and tokenized money market funds. The fund aims for capital growth by investing in digital assets with market capitalizations exceeding $100 million, spanning finance, payments, gaming, and AI.
Meanwhile, Grayscale is seeking to convert its Digital Large Cap Fund into an ETF, which would include Avalanche alongside Bitcoin, Ethereum, Solana, and XRP.”
AVAX will face the bearish pressure
Avalanche is trading at $30 at the time of publication after gaining more than 17% during the past 2 hours. During the past 3 days the token was fluctuating between $28 and $31. However, according to a crypto netizen, AVAX could fall to $26 on the four hour chart.
Although the bearish winds blow in the hourly charts, the weekly chart have tailwinds supporting AVAX price surge. A crypto predictor stated that AVAX could reach somewhere between $97 – $134 between Nov. 2025 – Jan. 2026, when the altcoin season is at its peak.
