Analysis

Nasdaq Files To Launch a New Grayscale Avalanche (AVAX) Exchange-Traded Fund

Published

6 months ago

March 30, 2025

Gigant Big Big Big Gigant from Digital Activa hopes to launch an Avalanche (Avax) Alternate-Traded Fund (ETF) within the US.

The Nasdaq -share market a proposal submitted This week on the US Securities and Alternate Fee (SEC) to call and trades shares of Grayscale Avalanche Belief, which might be totally linked to the worth of the Native Asset of the Layer-1 undertaking, Avax.

Grayscale is just not the primary monetary large to request an avalanche ETF. Paperwork submitted to the state of Delaware earlier this month means that Vaneck additionally hopes to launch a fund that’s linked to the Rival Ethereum (ETH).

Coinbase guardianship will function a custodian for Grayscale’s Avalanche ETF if it has been permitted. The Crypto Asset Supervisor additionally hopes to launch funds tied to Cardano (ADA), Solana (SOL), XRP and Hedera (HBar).

The SEC Greenlit The primary spot market Bitcoin (BTC) ETFs in January 2024, which yields billions of {dollars} on the consumption of the digital lively of the market hairstyles. The supervisor then permitted ETHEEUM ETFs for commerce in July.

Two monetary firms, Franklin Templeton and Hashdex, additionally launched joint BTC ETFs earlier this yr.

Avax acts at $ 20.36 on the time of writing. The seventeenth rating defend of crypto property per market hood has fallen virtually 8% within the final 24 hours.

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