Grayscale Proposes Avalanche (AVAX) ETF in the US
- The Nasdaq Stock Market has submitted a proposal to the SEC for listing Grayscale Avalanche Trust shares.
- Grayscale’s ETF would be tied entirely to the price of AVAX, a layer-1 project asset.
- Coinbase Custody will act as custodian if the ETF is approved.
- VanEck also plans to launch an Avalanche ETF, as per documents in Delaware.
- The SEC approved Bitcoin ETFs in January and Ethereum ETFs last July.
- AVAX is trading at $20.36, down nearly 8% over the past 24 hours.
The Nasdaq has filed a proposal with the SEC to list Grayscale’s Avalanche Trust shares, which will be linked to AVAX’s price. Coinbase Custody is set to manage custody if approved. AVAX currently trades at $20.36, experiencing a recent decline.
Source (2.6)https://dailyhodl.com/2025/03/29/nasdaq-files-to-launch-a-new-grayscale-avalanche-avax-exchange-traded-fund/?rand=59076
