Digital asset manager Grayscale has filed a highly noteworthy proposal with the United States Securities and Exchange Commission (SEC). The filing seeks to convert its current Digital Large Cap Fund (GDLC) — which includes Bitcoin (BTC), Ether (ETH), Solana (SOL), Ripple's XRP, and Avalanche (AVAX) — into a spot exchange-traded fund (ETF).

Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.

The mega crypto asset conglomerate drops a bombshell on SEC's table with the inaugural mixed crypto ETF application.

The price of Avalanche (AVAX) has resumed its positive trend and has risen above the moving average lines twice to reach a high of $30.90.

Grayscale Investments reportedly has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an exchange-traded fund (ETF).

AVAX price has been trending in the news since the beginning of the week. The potential approval of an Avalanche (AVAX) ETF has sparked excitement among investors, as the blockchain's rapidly growing ecosystem attracts attention.

Grayscale Investments has filed to convert its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), expanding its existing suite of crypto ETFs, according to a report by Helene Braun for CoinDesk.

Cryptocurrency prices bounced back this week, with Bitcoin surging to over $67,000, and the crypto fear and greed index approaching the greed area of 60. Bitcoin is approaching the important resistance point at $70,000, raising the possibility that it will retest the all-time high of $73,800.

Avalanche (AVAX) stands out as a token to watch closely. Currently priced around $28.80, many investors are eagerly asking: can AVAX reach the impressive milestone of $100 by the end of 2024?

The crypto industry's largest asset manager, Grayscale Investments, has applied to convert its Digital Large Cap Fund into an ETF product. The Grayscale Large Cap Fund comprises of Bitcoin, Ethereum, Solana, XRP and Avalanche as its components.

Grayscale Investments has asked the SEC for permission to convert its Digital Large Cap Fund—which includes Solana and more—into an ETF.

The key organization backing the Avalanche (AVAX) blockchain ecosystem is announcing plans to repurchase crypto assets sold to the nonprofit behind the Terra (LUNA) protocol in the first half of 2022.

Terra Luna Classic price has been trending upward since July, making higher highs except for the unexpected market-wide August 5 crash. However, following the development of the Terraform Labs (TFL) case and the subsequent liquidation of the company, Avalanche is seeking to buy back all the $60 million AVAX tokens that the Luna Foundation Guard

With Bitcoin price consolidating, the altcoin market has picked up momentum. Moreover, top altcoins have recorded a significant uptrend in their respective portfolios within a short period. One such token is Avalanche (AVAX) with a jump of 16.

Avalanche (AVAX) has shown strong performance amid a broader crypto market downturn, with analysts predicting potential further gains based on technical indicators and recent price action.

Avalanche Foundation is planning to buy back 1.97 million AVAX tokens which was previously sold to Luna Foundation Guard (LFG) in early 2022.

Avalanche appears to have broken out of a multi-month falling wedge, leading to bullish price predictions by a crypto analyst.

This decision comes after Terra's downfall when the value of the tokens dramatically dropped. Let's break down what happened.

The Avalanche network is in the spotlight amid price rallies and proposed AVAX repurchase.

The Avalanche Foundation is set to buy back nearly 2 million AVAX tokens sold to Terra just before its collapse in 2022. This transaction, which awaits approval from a bankruptcy court, marks a new chapter in the tumultuous history of the crypto market.

Amid the ongoing crypto rebound fueled by the October rising narrative, Avalanche (AVAX) price has been gaining bullish momentum in the recent past. The large-cap altcoin, with a fully diluted valuation of about $13.1 billion and a daily average traded volume of around $415 million, is currently retesting a crucial support/resistance level of around $30.

The Avalanche Foundation is set to repurchase 1.97 million Avalanche (AVAX) tokens that were sold to the Luna Foundation Guard (LFG) in April 2022, just one month before the Terra blockchain ecosystem collapsed.

In 2022, the Avalanche Foundation sold 1.97 million AVAX worth $100 million at the time to Terra's foundation before its collapse. It's now buying it all back for $45.5 million.

The price of Avalanche's token has risen over 13% in the last few days following the announcement and the growing popularity of a new crypto game.

The recently launched battle royale ‘Off The Grid' succeeded in the mainstream gaming scene, featured as the most popular free-to-play game in the Epic Games Store. While offering a unique and fun free-to-play experience that attracted many players, Off The Grid is built on Avalanche (AVAX).

Avalanche Foundation has agreed with Luna Foundation Guard (LFG) to buy back all AVAX tokens it sold to LFG in April 2022 as part of the cooperation efforts between the two projects and to improve the foundation's liquidity. According to the post on X, the repurchase plan is now awaiting court approval.

The gaming world has been buzzing about Off the Grid, a new battle royale shooter that has rapidly gained popularity.

The Web3 industry has yet to fully enter the mainstream, according to John Nahas, chief business officer (CBO) of Ava Labs. He argues that general-purpose Layer 1 blockchains, whose primary focus is marketing their tokens, dominate the space and lack sufficient innovation. This, Nahas contends, hinders the industry's full potential.

Avalanche (AVAX) has regained traction, showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35. After a period of consolidation, AVAX's price action hints at a possible breakout, which could trigger a strong upward movement.

A repurchase plan has been announced, and the market is happy about it!

Avalanche Foundation repurchases 1.97M AVAX tokens from Luna. The move protects the tokens from liquidation during LFG's bankruptcy.

AVAX is accumulating bullish momentum, supported by rising on-chain metrics.

A big decision by Avalanche Foundation has sparked this rise and the price of AVAX has surged by 10%. Investors are jumping in and keeping a close watch. So, what happened? Let's break it down.

The AVAX price has surged by a staggering 10% in the last few hours after the recent announcement by the Avalanche Foundation of a repurchase agreement with the Luna Foundation Guard (LFG) – the entity associated with Terra blockchain – to buy back all tokens sold back in 2022. This has pushed AVAX closer to

Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.

A widely followed analyst and trader says that an exponential rally for one of Ethereum's (ETH) biggest rivals could be around the corner.

Fighting the odds of market volatility and the bearish pressures, DTX Exchange has emerged as a top gainer of this bull run. Analysts claim it to be the most prominent crypto in this session with a $4 million raise in the third stage of the presale.

Littio, a Colombian neobank, has announced that its Yield Pots platform will no longer operate on Ethereum (ETH) but Avalanche (AVAX) This move is to meet increasing appetite for U.S. Treasury bills and to enhance efficiency in its transactions with its customers. This could mean an upsurge in the AVAX price as more users and

Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade's blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation.

Littio, a Colombian Neobank, has partnered with OpenTrade to provide interest-bearing USD accounts to local customers on the Avalanche blockchain. According to a press release shared with crypto.

Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.

To scale with growing demand, Littio said it would transition its holdings from OpenTrade's vaults on Ethereum to those on Avalanche.

Avalanche's low transaction fees and consistency were cited as reasons for picking that chain.

The price of Avalanche (AVAX) has been on the rise since its low of $17.35. The upward correction has failed after reaching the first barrier at $30.00.

Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost.

Avalanche (AVAX) has made headlines recently as it breaks free from a bearish trend that had characterized its price movements. Trading at $25.95 at the time of writing, AVAX has experienced a slight dip of around 1% in the last 24 hours.

As we head into “Uptober,” the cryptocurrency market is buzzing with potential opportunities. While Ethereum continues to lead the charge in decentralized finance (DeFi) and smart contracts, its price struggles to find a bottom, with a 3-month return down by 18%.