• Grayscale files for an Avalanche ETF, aiming to attract institutional and retail investors.
• $AVAXprice drops 8% despite growing institutional interest and potential SEC approval.
• Avalanche’s blockchain structure offers scalability, making it a strong Ethereum alternative.

Grayscale Investments has taken the initial step in launching an Avalanche ETF. Many expected this step to boost market confidence. Instead, $AVAXtook a sharp dive.