<ul><li>Nasdaq has filed for approval of Grayscale's Spot Avalanche ETF.</li><li>The filing is a key step in the proposal process, which will be published in the Federal Register upon SEC acknowledgement.</li><li>Grayscale aims to convert its existing Avalanche Trust into a spot ETF, with the trust holding AVAX, the native token of the Avalanche blockchain network.</li><li>This filing follows a similar move by VanEck to launch the first spot Avalanche ETF, intensifying the competition between the two firms.</li></ul>

Nasdaq Files for Approval of Grayscale’s Spot Avalanche ETF

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