The Nasdaq Exchange Submits Filing to Table Grayscale AVAX ETF

The NASDAQ trade has requested that an Avalanche exchange-traded account issued by crypto asset director Grayscale be listed on the U.S. Securities and Exchange Commission.

The AVAX ETF of Grayscale’s 19b-4 kind was registered as a Delaware Trust more than two weeks ago. &nbsp,

According to the 19b-4, the AVAX ETF may use Coinbase Custody as its caretaker if approved. &nbsp,

However, the lender may also submit an S-1 enrollment statement outlining the product. &nbsp, &nbsp,

According to CoinGecko data, AVAX, the utility token for Layer-1 blockchain Avalanche, was recently trading at$ 20.17, down 8 % in the previous 24 hours. &nbsp,

According to the data company, the cryptocurrency is the 17th largest crypto by market liquidity. &nbsp,

Less than three weeks after investment firm VanEck registered for an Avalanche ( AVAX ) ETF in Delaware, Grayscale has received the latest confirmation that it may be filing for a spot AVAX ETF. A number of asset managers have now started offering Avalanche ETPs, which give you immediate access to the AVAX through controlled exchanges.

As national regulators take a soft attitude on crypto-based expense products under newly elected President Donald Trump, fund issuers are attempting to create altcoin ETFs as a broader trend of fund issuers. &nbsp,

The wave of software comes in addition to the popularity of the place Bitcoin and Ethereum ETFs last year and as the$ 44 billion worth of assets was pulled in by crypto-based exchange-traded products in 2024. &nbsp,

Grayscale now provides its clients with location Bitcoin and Ethereum ETFs. Additionally, it has applied to release money based on less-traded bitcoin like XRP, Solana, and Dogecoin. The Grayscale Bitcoin Trust ( GBTC ), a conversion from an existing trust, has nearly$ 17 billion in assets, which is the third-largest among Bitcoin funds, trailing only BlackRock and Fidelity’s offerings. &nbsp,

The Grayscale Ethereum Trust owns about$ 2.5 billion worth of assets.

reached out to Grayscale for comment on the most recent processing.