灰度投资正在通过交易所交易基金（ETF）将加密货币纳入主流金融市场，从而迈出了重大进步。

随着纳斯达克最近的备案文件和灰度将其现有资金转换为ETF的努力，该公司的努力取得了动力。

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.

灰度投资在通过交易所交易基金（ETF）将加密货币纳入主流金融市场方面取得了长足的进步。纳斯达克（Nasdaq）和格雷斯（Grayscale）的最新文件强调了该公司将现有资金转换为ETF的强烈推动，旨在将诸如Avalanche之类的加密货币带到更严格的监管监督和零售投资者的关注下。

Nasdaq's Filing for a Grayscale Avalanche ETF

纳斯达克申请灰色雪崩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，纳斯达克（NASDAQ）的19b-4文件揭示了他们将Grayscale的Avalanche Trust转换为Avalanche ETF的申请，专门针对雪崩（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.

与现有信托相比，这种转型将使散户投资者更容易获得零售投资者的更严格的监管审查。

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.

此举可能标志着弥合分散融资（DEFI）与传统市场之间差距的另一个里程碑，最近的努力着重于获得现货比特币ETF的批准。

Grayscale's Digital Large Cap Fund ETF Initiative

Grayscale的数字大型CAP基金ETF计划

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.

在另一个开发项目中，Grayscale周二向SEC提交了S-3表格，寻求批准将其数字大型CAP基金转换为ETF。该基金当前提供多种加密货币的曝光率，包括比特币，以太坊和其他领先的数字资产。

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.

该文件表明，灰度正在扩大其ETF努力，以涵盖更广泛的数字货币，以适应寻求多元化对加密货币市场的多样化的投资者。

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.

通过过渡到ETF，数字大型CAP基金将使机构和散户投资者能够参与数字资产投资，而无需直接购买或存储加密货币，从而使其对传统市场参与者更具吸引力。

Mainstreaming Digital Assets through Regulation

通过监管来主流数字资产

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文件是将数字资产投资集成到常规金融市场的更广泛战略的一部分，这一举动受到加密社区的热情。

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.

该公司为获得ETF产品批准的持续努力可能是主流数字资产和推动加密采用叙述的关键。

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.

如果获得批准，这些ETF将为传统市场参与者提供新的途径，以结构化和监管的方式投资比特币和以太坊等加密资产，最终促进了更多地参与数字资产领域。

The Growing Importance of Crypto ETFs

加密ETF的重要性越来越重要

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已成为弥合传统金融和数字资产之间差距的关键工具。与直接加密投资不同，ETF为投资者提供了一个熟悉的框架，他们可能对购买和确保加密货币的复杂性感到犹豫。

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，纳斯达克（Nasdaq）等主要金融机构为这些ETF申请的参与强调了加密货币市场上日益增长的机构利益。

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，则可以为进一步的基于加密的投资产品树立先例，从而使数字资产成为传统金融市场中的永久性固定装置。这一举动将为机构和散户投资者提供新的机会，以更容易获得和受监管的方式通过加密货币多样化其投资组合。

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正在进行的ETF计划突出了加密货币与加密货币所面临的法律和技术挑战之间有趣的相互作用，而金融机构则导航了这一不断发展的景观。