灰度提交给SEC的申请，以寻求允许列出其雪崩（Avax）Spot ETF

美国证券交易所纳斯达克向美国证券交易委员会（SEC）提交了一份申请，要求允许列出Grayscale Investments的现货雪崩交易所基金（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).

美国证券交易所纳斯达克（NASDAQ）已向美国证券交易委员会（SEC）提交了一份申请，要求许可列出灰度投资的现货雪崩交易所基金（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.

该文件于3月27日提交，要求进行规则更改，以列出灰度雪崩信托（Avax）。有关产品的衍生产品将是2024年8月启动的灰度投资的封闭式Avax基金的转换。

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在其网站上说：“在美国监管环境允许的情况下，其SEC报告的产品为升起的强大案例提供了强大的案例。”该公司解释说，随后，“ ETF固有的套利机制将帮助产品更紧密地跟踪资产的价值”。

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.

在出版时，灰度雪崩信托基金（Avalanche Trust）持有价值17.6万美元的管理资产。根据CoinMarketCap数据，目前的每股净资产价值为10.86美元，价值超过0.49 avax，价值10.11美元，这使该基金的当前市场价格高达7.4％的溢价，低于其基础资产的价值。

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

相关：纽约证券交易所提出的规则更改，以允许ETH在Grayscale的位置Ether ETF上占有

Grayscale expands crypto ETF offerings

灰度扩展加密ETF产品

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的网站列出了28种加密产品，其中25种是单资产衍生产品，三个是多元化的。该公司是目前正在等待其XRP Spot ETF以及其他产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.

其他示例包括其现货Cardano ETF申请以及莱特币信任转换为ETF。这些文件还遵循该公司将其以太和比特币封闭式资金转换为现货ETF的转换。

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还宣布将其一部分比特币和以太坊ETF转换为衍生产品。新的灰度比特币迷你信托基金（BTC）和灰度以太信托基金（ETH）具有较低的费用并遵循其衍生产品，从而损失了资本，以获得更具成本效益的选择。

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

相关：尽管流入期望低落

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

按产品管理的美国比特币ETF资产。资料来源：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年底报道的数据表明，自2024年1月11日推出以来，灰比特币信托（GBTC）已从灰度比特币信托（GBTC）中撤出了超过210亿美元的数据。这使其成为当时唯一具有负投资流量的美国比特币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.

该产品在所有产品中的管理费最高，每年为1.5％。其他ETF范围从灰度比特币迷你信托的0.15％到价格最高的竞争对手的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的情况非常相似，最低的费用是灰度以太信托基金，最高的是其较旧的以太坊信任产品。再次竞争产品的收费不超过0.25％。