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Nasdaq Files for VanEck Avalanche ETF to Track AVAX Token

  • Nasdaq has applied to the SEC to list the VanEck Avalanche ETF, which will track the AVAX token price without requiring investors to hold the tokens.
  • The ETF will enable investors to access and track the AVAX price without the need for cryptocurrency wallets or trading platforms.
  • Grayscale Investments also plans to launch an AVAX-backed ETF, indicating the increased demand for AVAX-backed investment products.
  • VanEck continues to pursue the registration of altcoin ETFs, with previous filings for Bitcoin, Ether, Solana, and Binance Coin ETFs.

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