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.