灰度投資正在通過交易所交易基金（ETF）將加密貨幣納入主流金融市場，從而邁出了重大進步。

隨著納斯達克最近的備案文件和灰度將其現有資金轉換為ETF的努力，該公司的努力取得了動力。

Grayscale Investments is making significant strides in integrating cryptocurrencies into mainstream financial markets through Exchange-Traded Funds (ETFs). Recent filings by Nasdaq and Grayscale highlight the company's strong push to convert its existing funds into ETFs, aiming to bring cryptocurrencies like Avalanche under stricter regulatory oversight and retail investor attention.

灰度投資在通過交易所交易基金（ETF）將加密貨幣納入主流金融市場方面取得了長足的進步。納斯達克（Nasdaq）和格雷斯（Grayscale）的最新文件強調了該公司將現有資金轉換為ETF的強烈推動，旨在將諸如Avalanche之類的加密貨幣帶到更嚴格的監管監督和零售投資者的關注下。

Nasdaq's Filing for a Grayscale Avalanche ETF

納斯達克申請灰色雪崩ETF

On March 28, 19b-4 filings by Nasdaq revealed their application to convert Grayscale's Avalanche Trust into a spot Avalanche ETF, specifically targeting the Avalanche (AVAX) token.

3月28日，納斯達克（NASDAQ）的19b-4文件揭示了他們將Grayscale的Avalanche Trust轉換為Avalanche ETF的申請，專門針對雪崩（Avax）令牌。

This transformation would make AVAX more accessible to retail investors while placing it under stricter regulatory scrutiny compared to the existing trust, which provides institutional investors with exposure to the Avalanche ecosystem through the company's trust products.

與現有信託相比，這種轉型將使散戶投資者更容易獲得零售投資者的更嚴格的監管審查。

The move could mark yet another milestone in bridging the gap between decentralized finance (DeFi) and traditional markets, with recent efforts focused on gaining approval for spot Bitcoin ETFs.

此舉可能標誌著彌合分散融資（DEFI）與傳統市場之間差距的另一個里程碑，最近的努力著重於獲得現貨比特幣ETF的批准。

Grayscale's Digital Large Cap Fund ETF Initiative

Grayscale的數字大型CAP基金ETF計劃

In another development, Grayscale filed an S-3 form with the SEC on Tuesday, seeking approval to convert its Digital Large Cap Fund into an ETF. This fund currently provides diversified exposure to multiple cryptocurrencies, including Bitcoin, Ethereum, and other leading digital assets.

在另一個開發項目中，Grayscale週二向SEC提交了S-3表格，尋求批准將其數字大型CAP基金轉換為ETF。該基金當前提供多種加密貨幣的曝光率，包括比特幣，以太坊和其他領先的數字資產。

The filing indicates that Grayscale is expanding its ETF endeavors to encompass a broader range of digital currencies, catering to investors seeking diversified exposure to the crypto market.

該文件表明，灰度正在擴大其ETF努力，以涵蓋更廣泛的數字貨幣，以適應尋求多元化對加密貨幣市場的多樣化的投資者。

By transitioning into an ETF, the Digital Large Cap Fund would enable both institutional and retail investors to participate in digital asset investing without needing to directly purchase or store cryptocurrencies, rendering it more appealing to traditional market participants.

通過過渡到ETF，數字大型CAP基金將使機構和散戶投資者能夠參與數字資產投資，而無需直接購買或存儲加密貨幣，從而使其對傳統市場參與者更具吸引力。

Mainstreaming Digital Assets through Regulation

通過監管來主流數字資產

Grayscale's latest ETF filings are part of its broader strategy to integrate digital asset investing into conventional financial markets, a move that has been met with enthusiasm from the crypto community.

Grayscale的最新ETF文件是將數字資產投資集成到常規金融市場的更廣泛戰略的一部分，這一舉動受到加密社區的熱情。

The company's persistent efforts to gain approval for an ETF product could be pivotal in mainstreaming digital assets and furthering the narrative of crypto adoption.

該公司為獲得ETF產品批准的持續努力可能是主流數字資產和推動加密採用敘述的關鍵。

If approved, these ETFs would provide a new pathway for traditional market participants to invest in crypto assets such as Bitcoin and Ethereum in a structured and regulated manner, ultimately fostering greater participation in the digital asset space.

如果獲得批准，這些ETF將為傳統市場參與者提供新的途徑，以結構化和監管的方式投資比特幣和以太坊等加密資產，最終促進了更多地參與數字資產領域。

The Growing Importance of Crypto ETFs

加密ETF的重要性越來越重要

ETFs have become a crucial instrument in bridging the gap between traditional finance and digital assets. Unlike direct crypto investments, ETFs offer a familiar framework for investors who may be hesitant about the complexities of buying and securing cryptocurrencies.

ETF已成為彌合傳統金融和數字資產之間差距的關鍵工具。與直接加密投資不同，ETF為投資者提供了一個熟悉的框架，他們可能對購買和確保加密貨幣的複雜性感到猶豫。

Moreover, the involvement of major financial institutions like Nasdaq in filing for these ETFs underscores the growing institutional interest in the cryptocurrency market.

此外，納斯達克（Nasdaq）等主要金融機構為這些ETF申請的參與強調了加密貨幣市場上日益增長的機構利益。

If the SEC approves Grayscale's latest ETF proposals, it could set a precedent for further crypto-based investment products, making digital assets a permanent fixture in traditional financial markets. This move would open up new opportunities for both institutional and retail investors to diversify their portfolios with cryptocurrencies in a more accessible and regulated manner.

如果SEC批准Grayscale的最新ETF提案，則可以為進一步的基於加密的投資產品樹立先例，從而使數字資產成為傳統金融市場中的永久性固定裝置。這一舉動將為機構和散戶投資者提供新的機會，以更容易獲得和受監管的方式通過加密貨幣多樣化其投資組合。

Grayscale's ongoing ETF initiatives highlight the interesting interplay between the legal and technical challenges posed by cryptocurrencies and the financial institutions navigating this evolving landscape.

Grayscale正在進行的ETF計劃突出了加密貨幣與加密貨幣所面臨的法律和技術挑戰之間有趣的相互作用，而金融機構則導航了這一不斷發展的景觀。