Nasdaq Lists Grayscale AVAX ETF

NASDAQ Applies to List Grayscale’s AVAX ETF

• NASDAQ has filed with the U.S. SEC to list Grayscale’s Avalanche (AVAX) ETF.
• The ETF is registered as a Delaware Trust entity and would use Coinbase Custody.
• AVAX, the utility token of Avalanche, recently traded at $20.17, down 8% in 24 hours.
• Grayscale already offers Bitcoin and Ethereum ETFs; AVAX is the 17th largest cryptocurrency by market cap.
• This filing follows VanEck’s registration for an AVAX ETF and reflects a trend toward altcoin ETFs.

NASDAQ’s application to list Grayscale’s AVAX ETF comes amid increasing interest in altcoin ETFs, with AVAX currently ranking as the 17th largest cryptocurrency by market capitalization.