Nasdaq has submitted a request to the SEC to list Grayscale's Avalanche Trust, aiming to create an ETF that tracks AVAX's spot prices. This move indicates growing institutional interest in regulated altcoin investments and Grayscale’s intention to diversify its crypto offerings beyond Bitcoin and Ethereum.
The application aligns with efforts to increase investor access to Avalanche, amidst a positive outlook for similar ETFs. However, market participants remain cautiously optimistic while awaiting the SEC's decision on regulatory clearances for such products.
Current market reports show AVAX priced at $19.84, with significant fluctuations and recent volatility suggesting a potential trend towards increased regulated altcoin exposure.
Full story here: https://coincu.com/329434-nasdaq-sec-grayscale-avalanche-trust
