Grayscale Files for Spot Avalanche ETFon Nasdaq

If approved, the ETF would provide investors with a path to access AVAX through conventional brokerage accounts. Nasdaq submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to approve the listing of a spot Avalanche exchange-traded fund (ETF) managed by Grayscale. Grayscale already manages an Avalanche Trust that carries a 2.5% management fee. The filing could lead to a cheaper, more flexible investment vehicle with exposure to the AVAX token, and reflects an industry trend toward developing regulated vehicles for altcoin trading. The SEC, however, has yet to approve any spot altcoin ETFs beyond those offering exposure to ether (ETH). If approved, Grayscale’s fund would offer another path for traditional investors to access crypto assets through conventional brokerage accounts. The ETF’s custodian would be Coinbase Custody, according tot he filing. The ETF would hold AVAX directly, tracking the market price of the Avalanche network’s native token. The cryptocurrency is at the time of writing trading at $20.5 after losing 6.6% of its value in the last 24 hours amid a wider market drawdown that has seen the broader CoinDesk 20 Index (CD20) drop by over 4%. Other companies are also looking at Avalanche. Earlier this month, VanEck filed an S-1 form for an Avalanche ETF. Last month, Grayscale also filed for a Cardano ETF, which would become the company’s first standalone ADA investment vehicle. https://www.coindesk.com/markets/2025/03/28/grayscale-files-for-spot-avalanche-etf-on-nasdaq #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple