VanEck Avalanche ETF is being reviewed in Nasdaq for Rule Change to Table.

According to a filing on Thursday, Nasdaq filed for a law change with the SEC that would permit the transfer to list shares of a proposed exchange-traded account tracking Avalanche’s place value.

The bank large filed for a VanEck Avalanche ETF a month later, and less than two weeks after Nasdaq filed for a guidelines change to record shares of a Grayscale Avalanche account.

Following the successful debut of area Bitcoin and Ethereum ETFs last year, these files and a slew of others tracking major currencies have highlighted manufacturers ‘ growing efforts to address demand for digital asset-focused investment items. More than$ 35 billion in net inflows have been generated by the 11 spot bitcoin funds.

Asset managers have recently taken steps to provide funds with an emphasis on altcoin, spurred by the Trump administration’s more positive crypto regulatory environment. 21Shares, Grayscale, and Bitwise, both submitted applications for Dogecoin ETFs on Thursday, joining them in listing funds based on the well-known video coin.

Lenders have also been attempting to provide money for the monitoring of well-known goods like Solana, XRP, Litecoin, and Sui.

According to Bloomberg ETF Analyst James Seyffart,” the expectation is that both Avalanche and DOGE will eventually be approved,” with AVAX possibly receiving an SEC natural light at the end of December and DOGE more good in mid-October, according to an email to .

We are anticipating the SEC’s decision to limit what cryptos can be included in an ETF wrapper, Seyffart wrote.

AVAX, the 16th-largest cryptocurrency by market value and the native token of the Avalanche layer-1 blockchain, recently traded at about$ 18.30, a 1.6 % decline over the past 24 hours, according to data provider CoinGecko. AVAX’s all-time high of nearly$ 45, which was set in late 2021, is now down over 80 %.

AVAX experienced a boost earlier this month when Standard Chartered, a bank based in the United Kingdom, started coverage, which predicted it would increase to$ 250 by the end of the decade, a more than 1, 300 % increase at the time of its note.

Geoff Kendrick, the head of Digital Assets Research at Standard Chartered, cited Avalanche’s unique strategy for scaling through sets of dedicated L1 app networks ( previously known as subnets ).

According to Kendrick,” Avalanche’s current small market cap means that incremental development improvements can have a significant impact.” In terms of relative price increases, we see AVAX outperforming both Bitcoin and Ethereum&nbsp.

edited by Andrew Hayward