As of today, March 28, 2025, Nasdaq has filed a Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to seek approval for listing and trading shares of Grayscale’s spot Avalanche ETF. This proposed exchange-traded fund (ETF) aims to track the spot price of AVAX, the native token of the Avalanche network, which is currently the 17th largest cryptocurrency by market capitalization. Grayscale, as the fund’s sponsor, intends to offer investors a regulated way to gain exposure to AVAX without directly holding the cryptocurrency. No ticker symbol has been assigned to the ETF yet. This move follows a similar filing by VanEck earlier this month, reflecting growing interest in AVAX-based investment products among institutional players
