Nasdaq has officially filed a 19b-4 form with the SEC, signaling its intent to list Grayscale's proposed Avalanche (AVAX) ETF. This move represents a significant step towards bringing more institutional investment into the Avalanche ecosystem. The 19b-4 form is a crucial document required for exchanges to list new securities, including ETFs. Grayscale, a leading digital asset management firm, aims to provide investors with a regulated and accessible way to gain exposure to AVAX, the native token of the Avalanche blockchain. This ETF, if approved, would track the price of AVAX, allowing investors to participate in its potential growth without directly holding the cryptocurrency. The SEC will now review Nasdaq's filing, considering factors such as market surveillance and investor protection. The approval process can be lengthy, but the filing itself demonstrates growing institutional interest in Avalanche and its potential as a leading blockchain platform. The launch of an AVAX ETF could significantly increase liquidity and further legitimize AVAX as a mainstream investment asset. ```

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