Nasdaq has filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale’s spot Avalanche ETF, dubbed the Grayscale Avalanche Trust (AVAX). This bold move could bring Avalanche (AVAX) closer to mainstream adoption and shake up the altcoin market!
🔍 Why This Matters:
Crypto Goes Mainstream: Spot ETFs have already transformed Bitcoin and Ethereum—AVAX might be next in line.
Grayscale’s Influence: A leader in crypto investments, Grayscale has a history of turning trusts into ETFs.
Altcoin Breakthrough: Approval could pave the way for more altcoins to join the ETF party.
💡 What’s at Stake? If the SEC gives the green light, this ETF could unlock new liquidity and interest for AVAX, potentially boosting its presence in the crypto space.
🤔 Your Take? Could this send AVAX soaring, or is it just the start of a bigger trend? Share your thoughts below! ⬇️
