Nasdaq has submitted a form to the SEC to list a new fund for trading Grayscale's Avalanche ETF. This fund aims to provide a way for investors to buy Avalanche's token, AVAX, through standard brokerage accounts. The move comes after another firm, VanEck, also filed a plan for a similar ETF.
- The proposed ETF would allow direct investment in AVAX.
- Grayscale is looking to expand its altcoin offerings.
- AVAX has fallen over 7% recently, trading around $20.20.
| Detail | Value |
|---|---|
| AVAX Current Price | $20.20 |
| Recent Decline | 7% |
| Proposed ETF Launch | 2025 |
