{"id":844819,"date":"2025-04-30T22:12:00","date_gmt":"2025-05-01T03:12:00","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/30\/nasdaq-seeks-sec-approval-to-list-grayscales-spot-avalanche-etf\/"},"modified":"2025-04-30T22:12:00","modified_gmt":"2025-05-01T03:12:00","slug":"nasdaq-seeks-sec-approval-to-list-grayscales-spot-avalanche-etf","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/30\/nasdaq-seeks-sec-approval-to-list-grayscales-spot-avalanche-etf\/","title":{"rendered":"Nasdaq seeks SEC approval to list Grayscale\u2019s spot Avalanche ETF"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"167045\" data-url=\"https:\/\/cryptobriefing.com\/nasdaq-lists-grayscale-avalanche-etf\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/regulation\/\" rel=\"tag\"><br \/>\n                    Regulation                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/regulation\/\">Regulation<\/a><\/span> \u00bb <span aria-current=\"page\">Nasdaq seeks SEC approval to list Grayscale\u2019s spot Avalanche ETF<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-03-28T11:41:11+00:00\"><br \/>\n                        Mar. 28, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins The proposal aims to deepen AVAX investment access amid growing institutional interest in digital assets.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2025\/03\/28085552\/Nasdaq-seeks-SEC-approval-to-list-Grayscales-spot-Avalanche-ETF-2-400x209.jpg\" alt=\"bitcoins Nasdaq seeks SEC approval to list Grayscale\u2019s spot Avalanche ETF\" title=\"bitcoins Nasdaq seeks SEC approval to list Grayscale\u2019s spot Avalanche ETF (2)\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Nasdaq filed with the SEC to list and trade shares of Grayscale&#8217;s spot Avalanche ETF.<\/li>\n<li>The ETF would provide exposure to AVAX and is currently without a designated ticker symbol.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Nasdaq has filed <a href=\"https:\/\/listingcenter.nasdaq.com\/assets\/rulebook\/nasdaq\/filings\/SR-NASDAQ-2025-030.pdf\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">Form 19b-4<\/a> with the US Securities and Exchange Commission (SEC), seeking approval to list and trade shares of Grayscale\u2019s spot Avalanche ETF, the Grayscale Avalanche Trust (AVAX).<\/p>\n<p>The new filing suggests Grayscale Investments intends to convert its existing trust product\u2014<a href=\"https:\/\/cryptobriefing.com\/grayscale-avax-trust-investment\/\" target=\"_blank\" rel=\"\">launched<\/a> in August 2024\u2014into a publicly traded ETF, providing investors with regulated exposure to AVAX, the native token of the Avalanche network, which currently ranks as the 17th largest cryptocurrency by market capitalization.<\/p>\n<p>In a press release announcing the Avalanche Trust, Grayscale described the project as a \u201cthree-chain smart contract platform\u201d focused on scalability, security, and decentralization. The firm also highlighted Avalanche\u2019s role in real-world asset tokenization.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"f57e1cbf-5969-4dfd-ba28-122f4cac430f\" data-pm-slice=\"1 1 []\">Prior to the Grayscale Avalanche Trust, Grayscale already <span class=\"issue-underline underline decoration-2 underline-offset-4 transition decoration-border-brand-default hover:bg-bg-brand-light-default\" data-issueid=\"c9ee752f-d88f-4c94-8a83-5787630f4e7b\" aria-label=\"open issue for the following text provided exposure to\" data-testid=\"issue-underline:undefined\">provided exposure to<\/span> AVAX through its Digital Large Cap Fund (GDLC), which includes multiple assets such as Bitcoin, Ethereum, Solana, XRP, and AVAX. In October 2024, the firm <a href=\"https:\/\/x.com\/JSeyff\/status\/1846309482051117284\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">filed with the SEC<\/a> to convert this fund into an ETF.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"78e3eff8-4260-4017-b586-b35293a82089\">VanEck also <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2060717\/000206071725000003\/vaneckavalanchetrusts-1.htm\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">applied<\/a> for its prospective <span class=\"issue-underline underline decoration-2 underline-offset-4 transition decoration-border-danger-default hover:bg-bg-danger-light-default\" data-issueid=\"60594547-c36b-4b4a-806f-e48ae35253c1\" aria-label=\"open issue for the following text spot\" data-testid=\"issue-underline:Spot\">spot<\/span> Avalanche ETF earlier this month, signaling growing interest in <span class=\"issue-underline underline decoration-2 underline-offset-4 transition decoration-border-brand-default hover:bg-bg-brand-light-default\" data-issueid=\"2abd9ecd-06fe-4d7b-9c7b-0f6a74650080\" aria-label=\"open issue for the following text offering\" data-testid=\"issue-underline:undefined\">offering<\/span> AVAX-based investment products.<\/p>\n<p>As the fund\u2019s sponsor, Grayscale aims to provide investors with a regulated and accessible way to gain exposure to AVAX, expanding its suite of crypto investment options.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\">\n<div class=\"code-block code-block-4 ai-track\" data-ai=\"WzQsIiIsIk1SRUMgSW4tYXJ0aWNsZSAtIDMwMHgyNTAiLCIiLDFd\" style=\"margin: 8px 0; clear: both; width: 300px; height: 250px;\">\n<div class=\"ai-rotate ai-unprocessed\" data-shares=\"WzEwMF0=\" style=\"position: relative;\">\n<div class=\"ai-rotate-option\" style=\"visibility: hidden;\" data-index=\"1\" data-name=\"U2V2aW8=\">\n<div style=\"width: 300px; height: 250px\">\n<script type=\"rocketlazyloadscript\" async data-rocket-src=\"https:\/\/cdn.adx.ws\/scripts\/loader.js\"><\/script><\/p>\n<div class=\"sevioads\" data-zone=\"e895191b-6d01-4021-992d-173ebfdf2d63\"><\/div>\n<p><script type=\"rocketlazyloadscript\">\n    window.sevioads = window.sevioads || [];\n    var sevioads_preferences = [];\n    sevioads_preferences[0] = {};\n    sevioads_preferences[0].zone = \"e895191b-6d01-4021-992d-173ebfdf2d63\";\n    sevioads_preferences[0].adType = \"banner\";\n    sevioads_preferences[0].inventoryId = \"c5700508-581b-472c-8fdd-a931cdbfc8e1\";\n    sevioads_preferences[0].accountId = \"1e47efc1-ec2d-4fca-a8b9-354e249e5095\";\n    sevioads.push(sevioads_preferences);\n<\/script>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/body><\/html><\/p>\n<p>Beyond AVAX, Grayscale is also pursuing regulatory approval for ETFs tied to other digital assets, including XRP, Solana (SOL), Litecoin (LTC), and Polkadot (DOT).<\/p>\n<p>Despite the ETF filing, AVAX has shown no immediate price reaction, with a current market capitalization of $8.4 billion, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">according to<\/a> CoinGecko data.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Nasdaq+seeks+SEC+approval+to+list+Grayscale%E2%80%99s+spot+Avalanche+ETF&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fnasdaq-lists-grayscale-avalanche-etf%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vivian Nguyen <a href=\"https:\/\/cryptobriefing.com\/nasdaq-lists-grayscale-avalanche-etf\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulation Home \u00bb Regulation \u00bb Nasdaq seeks SEC approval to list Grayscale\u2019s spot Avalanche ETF by Vivian Nguyen Mar. 28, 2025 The proposal aims to deepen AVAX investment access amid growing institutional interest in digital assets. Key Takeaways Nasdaq filed with the SEC to list and trade shares of Grayscale&#8217;s spot Avalanche ETF. The ETF<\/p>\n","protected":false},"author":1,"featured_media":844820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23492,1720],"tags":[11476],"class_list":{"0":"post-844819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nasdaq","8":"category-seeks","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=844819"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/844820"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=844819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=844819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=844819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}