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Nasdaq has taken a significant step forward in the cryptocurrency arena by submitting a Form 19b-4 with the SEC to list shares of Grayscale’s Avalanche ETF. This move aims to transform Grayscale’s existing Avalanche Trust into a publicly traded ETF enhancing regulated investment avenues into AVAX the native token of the Avalanche network.
This initiative is part of a broader trend as evidenced by VanEck’s recent filing signaling a surging interest in AVAX-based financial products. Positioned as the 17th largest cryptocurrency AVAX is gaining traction among institutional and retail investors alike seeking diversified and secure investment options.
Grayscale is not only focusing on AVAX but is also seeking to expand its offerings with potential ETFs for other major cryptocurrencies like XRP Solana Litecoin and Polkadot. This development underscores Grayscale’s commitment to providing regulated accessible and comprehensive crypto investment opportunities thus bolstering investor confidence in digital assets.
