While spot ETF applications continue, the latest move came from Grayscale.
Accordingly, Nasdaq, Grayscale filed a 19b-4 filing for an Avalanche (AVAX) ETF for institutional and individual investors.
Nasdaq has submitted a formal request to the U.S. Securities and Exchange Commission (SEC) to approve the listing and trading of its Grayscale Avalanche ETF.
The exchange's 19b-4 filing means it is seeking regulatory permission to list the ETF, provided it receives SEC approval.
The fund aims to track the spot price of AVAX, the native cryptocurrency of the Avalanche network.
Grayscale Investments also filed with the SEC for its Polkadot ETF in addition to Avalanche.
*This is not investment advice.
