2024

ETF COIN

Avalanche

would

Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list and trade shares of Grayscale’s proposed spot Avalanche exchange-traded fund.If approved, the ETF would hold AVAX (<a href="https://crypto.news/price/avalanche/" rel="noopener noreferrer nofollow">AVAX</a>) directly, offering investors exposure to the Avalanche network’s native token through traditional brokerage accounts.Grayscale’s move comes a week after VanEck <a href="https://crypto.news/vaneck-files-for-avalanche-etf-in-delaware/" rel="noopener noreferrer nofollow">submitted</a> an S-1 registration statement to launch a competing Avalanche ETF.&nbsp;The <a href="https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2025-030.pdf" rel="noopener noreferrer nofollow">filing</a> indicates growing institutional interest in regulated altcoin investment vehicles, though the SEC has yet to approve any spot crypto ETFs beyond Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>).The proposed ETF would convert Grayscale’s existing Avalanche Trust, originally launched in August 2024 as a private placement, into a spot ETF. According to the filing, Coinbase Custody will serve as the fund’s custodian, while BNY Mellon is expected to act as the administrator and transfer agent.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/Hodl_fm/status/1905583823280091175 </div></figure>Avalanche is a Layer 1 blockchain known for high throughput and scalability. Its native token AVAX is used for transactions, staking, and governance.The token has declined over 7% in the past 24 hours amid broader market downturns, trading around $20.20.Grayscale’s filing follows its recent push for a Cardano (<a href="https://crypto.news/price/cardano/" rel="noopener noreferrer nofollow">ADA</a>) ETF, signaling a broader effort to bring more altcoins into the regulated ETF market.&nbsp;The SEC’s decision on these filings could set a precedent for the next generation of crypto ETFs beyond Bitcoin and Ethereum.You might also like: <a href="https://crypto.news/bitpanda-secures-a-broker-dealer-license-in-dubai/" rel="noopener noreferrer nofollow"> Bitpanda secures a broker-dealer license in Dubai </a>

Grayscale files for Avalanche ETF with Nasdaq

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