Nasdaq Seeks Rule Change for ETF

Nasdaq Seeks SEC Approval for VanEck Avalanche ETF

• Nasdaq filed for a rule change with the SEC to list a VanEck Avalanche ETF.
• The filing follows applications for similar funds, including Grayscale’s Avalanche fund.
• 11 spot Bitcoin ETFs have attracted over $35 billion in net inflows.
• Avalanche’s AVAX token is currently trading at about $18.30, down from its $145 peak in 2021.
• Standard Chartered predicts AVAX could reach $250 by the decade’s end.

Nasdaq has applied to the SEC to list a VanEck Avalanche ETF, part of a broader trend towards digital asset-focused investment products following significant inflows into Bitcoin ETFs. AVAX is currently valued at approximately $18.30, with predictions suggesting substantial future growth.