Nasdaq has submitted a filing to the SEC to list Grayscale’s spot Avalanche ETF, aiming to enhance investment access to AVAX, reflecting significant institutional interest in digital assets.
The proposed ETF will track the spot price of AVAX, the native token of the Avalanche network. Grayscale has yet to assign a ticker symbol for the ETF.
Despite the ETF proposal, there has been no immediate reaction in AVAX’s market value, which currently stands at approximately 8.4 billion USD.
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