X @BSCN

Regulatory Filing - Bitwise files S-1 with the SEC for a spot Avalanche ETF [1] - The proposed ETF aims to track $AVAX, Avalanche's native token [1] - Coinbase Custody would safeguard the ETF's assets [1] - The filing allows Bitwise to expand its product offerings beyond Bitcoin and Ethereum [1] Investment Access and Structure - The ETF aims to provide investors access to Avalanche through standard brokerage accounts [2] - The trust will hold AVAX tokens outright, valuing them using the CME CF Avalanche-Dollar Reference Rate [2] - The structure mirrors spot Bitcoin and Ethereum ETFs [2] Market Competition and Institutional Interest - Grayscale has applied to convert its existing Avalanche Trust into a spot ETF [4] - VanEck is also exploring its own AVAX fund [4] - Approval could bring traditional capital into Avalanche, similar to Bitcoin and Ethereum ETFs [4] - Institutions like Apollo, BlackRock, and SkyBridge Capital have shown interest in Avalanche through tokenized funds, with SkyBridge Capital considering tokenizing $300 million of assets [4] Company Information - Bitwise, founded in 2017, is an active U S crypto asset manager [3] - Bitwise already runs index funds and single-asset products [3] - Bitwise registered an Avalanche trust in Delaware earlier this month [3]