Grayscale’s AVAX ETF is nearing completion – can it surpass competitors VanEck and Bitwise?

Grayscale has submitted a second amendment for its AVAX ETF registration, focusing on in-kind creation and redemption models. This update positions them to better compete against other ETFs.

Bitwise and VanEck are also progressing their AVAX ETF applications, with VanEck currently offering a 0.34% management fee. Approval of these ETFs could significantly enhance AVAX’s market liquidity.