Nasdaq has filed for the approval of Grayscale's spot Avalanche ETF with the SEC.
The AVAX Exchange Traded Fund (ETF) is designed to track the spot price of AVAX and provide a regulated way to invest in the Avalanche ecosystem.
Grayscale's mission is to offer secure and simplified investment options, and the ETF aims to meet the growing demand for simple investment tools within the digital asset space.
The filing reflects a growing interest in AVAX-related investment vehicles, with Grayscale actively pursuing regulatory approval for ETFs based on various digital assets.