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Grayscale Files S-1 for Avalanche (AVAX) Exchange-Traded Fund (ETF)
Grayscale Files S-1 for Avalanche (AVAX) Exchange-Traded Fund (ETF)

Grayscale has filed an S-1 registration with the SEC to convert its Avalanche Trust into an ETF tracking Avalanche (AVAX). The ETF would let more investors access Avalanche without owning the cryptocurrency directly. This step fits a trend of digital assets entering SEC-regulated investment vehicles. Grayscale follows several firms designing products for regulated blockchain exposure. &hellip; <a href="https://beincrypto.com/grayscale-avalanche-avax-etf-sec-filing/">Continued</a>

BeInCrypto·2025/08/25 06:57
Flash
  • 02:46
    German listed company Nakiki SE is evaluating a share placement to raise tens of millions of euros for purchasing bitcoin.
    ChainCatcher news, according to Businesswire, German listed company Nakiki SE announced that its management board is evaluating the interest of professional investors and expects to raise tens of millions of euros through a rights issue of securities. The funds raised will be used for strategic investments in purchasing bitcoin. Nakiki SE previously announced that it would fully adopt a bitcoin treasury strategy, aiming to become the first listed company in Germany to implement a pure bitcoin reserve asset business plan.
  • 02:42
    Sandbox founder steps down and lays off 50% of staff, shifting focus from metaverse business to Web3 applications and Launchpad initiatives
    Jinse Finance reported, according to The Big Whale, that The Sandbox founders Arthur Madrid and Sébastien Borget have stepped down from daily operations, with Animoca Brands executive Robby Yung taking over as CEO. Borget will serve as Global Ambassador, while Madrid becomes Non-Executive Chairman. Meanwhile, the company has laid off more than 50% of its staff, affecting teams in Argentina, Uruguay, South Korea, Thailand, and Turkey, and plans to close its Lyon office in France, with further layoffs expected in Paris. This restructuring is seen as a strategic adjustment driven by technological advancements. In addition, The Sandbox is gradually downplaying its metaverse business and shifting towards broader Web3 applications, including a Base-based memecoin launch platform.
  • 02:32
    Bitget COO attends The Economic Times World Leaders Forum to discuss the core role of crypto assets in global finance
    ChainCatcher reported that recently, Bitget Chief Operating Officer Vugar was invited to attend the Economic Times World Leaders Forum, where he shared insights on the evolving role and value of cryptocurrency in the global financial system. The two-day forum brought together policymakers, founders, and technology leaders to jointly explore how the crypto sector is reshaping the macroeconomic landscape. Vugar stated: "I never imagined I would have the opportunity to share the stage with Indian Prime Minister Modi and John Kerry, the 68th US Secretary of State. This demonstrates that the crypto sector is no longer a marginal topic, but a core issue concerning the future of finance, especially in developing economies and emerging markets that are leading the global pace."
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