灰度提交給SEC的申請，以尋求允許列出其雪崩（Avax）Spot ETF

美國證券交易所納斯達克向美國證券交易委員會（SEC）提交了一份申請，要求允許列出Grayscale Investments的現貨雪崩交易所基金（ETF）。

US stock exchange Nasdaq has submitted a filing to the US Securities and Exchange Commission (SEC) seeking permission to list Grayscale Investments’ spot Avalanche exchange-traded fund (ETF).

美國證券交易所納斯達克（NASDAQ）已向美國證券交易委員會（SEC）提交了一份申請，要求許可列出灰度投資的現貨雪崩交易所基金（ETF）。

The document, filed on March 27, asks for a rule change to list the Grayscale Avalanche Trust (AVAX). The derivative product in question would be a conversion of Grayscale Investments’ close-ended AVAX fund launched in August 2024.

該文件於3月27日提交，要求進行規則更改，以列出灰度雪崩信託（Avax）。有關產品的衍生產品將是2024年8月啟動的灰度投資的封閉式Avax基金的轉換。

Grayscale said on its website that “its SEC-reporting Products present a strong case for uplisting when permitted by the U.S. regulatory environment.” The firm explained that, following the conversion, “the arbitrage mechanism inherent to ETFs would help the product more closely track the value” of the assets.

Grayscale在其網站上說：“在美國監管環境允許的情況下，其SEC報告的產品為升起的強大案例提供了強大的案例。”該公司解釋說，隨後，“ ETF固有的套利機制將幫助產品更緊密地跟踪資產的價值”。

At the time of publication, the Grayscale Avalanche Trust holds $1.76 million worth of assets under management. The current net asset value per share is $10.86 for just over 0.49 AVAX per share, worth $10.11 according to CoinMarketCap data, which puts the fund’s current market price at a 7.4% premium to the value of its underlying assets.

在出版時，灰度雪崩信託基金（Avalanche Trust）持有價值17.6萬美元的管理資產。根據CoinMarketCap數據，目前的每股淨資產價值為10.86美元，價值超過0.49 avax，價值10.11美元，這使該基金的當前市場價格高達7.4％的溢價，低於其基礎資產的價值。

Related: NYSE proposes rule change to allow ETH staking on Grayscale’s spot Ether ETFs

相關：紐約證券交易所提出的規則更改，以允許ETH在Grayscale的位置Ether ETF上佔有

Grayscale expands crypto ETF offerings

灰度擴展加密ETF產品

Grayscale’s website lists 28 crypto products, of which 25 are single-asset derivatives and three are diversified. The firm is among those currently waiting for the approval of its XRP spot ETF, as well as other products.

Grayscale的網站列出了28種加密產品，其中25種是單資產衍生產品，三個是多元化的。該公司是目前正在等待其XRP Spot ETF以及其他產品的批准的公司之一。

Other examples include its spot Cardano ETF filing and its Litecoin Trust conversion to an ETF. These filings also follow the company’s successful conversion of its Ether and Bitcoin close-ended funds into spot ETFs.

其他示例包括其現貨Cardano ETF申請以及萊特幣信任轉換為ETF。這些文件還遵循該公司將其以太和比特幣封閉式資金轉換為現貨ETF的轉換。

In 2024, Grayscale Investments also announced the conversion of a part of its Bitcoin and Ethereum ETFs into spinoff products. The new Grayscale Bitcoin Mini Trust (BTC) and Grayscale Ether Mini Trust (ETH) feature lower fees and follow their derivatives, losing capital to more cost-effective options.

2024年，Grayscale Investments還宣布將其一部分比特幣和以太坊ETF轉換為衍生產品。新的灰度比特幣迷你信託基金（BTC）和灰度以太信託基金（ETH）具有較低的費用並遵循其衍生產品，從而損失了資本，以獲得更具成本效益的選擇。

Related: BlackRock Bitcoin ETP ‘key' for EU adoption despite low inflow expectations

相關：儘管流入期望低落

United States Bitcoin ETF assets under management by product. Source: MacroMicro

按產品管理的美國比特幣ETF資產。資料來源：Macromicro

Data reported at the end of 2024 shows that over $21 billion has been withdrawn from the Grayscale Bitcoin Trust (GBTC) since its launch on Jan. 11, 2024. This made it the only US-based Bitcoin ETF with a negative investment flow at the time.

自2024年底報導的數據表明，自2024年1月11日推出以來，灰比特幣信託（GBTC）已從灰度比特幣信託（GBTC）中撤出了超過210億美元的數據。這使其成為當時唯一具有負投資流量的美國比特幣ETF。

This product offering has the highest management fee among all the products, set at 1.5% per annum. The other ETFs range from 0.15% for the Grayscale Bitcoin Mini Trust to 0.25% for the highest-priced competitors.

該產品在所有產品中的管理費最高，每年為1.5％。其他ETF範圍從灰度比特幣迷你信託的0.15％到價格最高的競爭對手的0.25％。

The situation, looking at Ethereum ETFs, is quite similar, with the lowest fee being the Grayscale Ether Mini Trust and the highest being its older Ethereum trust product. Competing offerings again do not charge more than 0.25%.

看以太坊ETF的情況非常相似，最低的費用是灰度以太信託基金，最高的是其較舊的以太坊信任產品。再次競爭產品的收費不超過0.25％。