Editor's PiCK
"Grayscale Applies for Avalanche (AVAX) Spot ETF... Pursued Through Nasdaq"
Minseung Kang
Summary
- Grayscale reportedly applied for an Avalanche (AVAX) spot ETF through Nasdaq to the SEC.
- Last year, Grayscale announced that it launched an Avalanche investment trust and is operating the product.
- The price of AVAX is reported to be trading at $20.551, down 5.82% from the previous day.
Grayscale is reportedly pursuing the listing of an Avalanche (AVAX) spot exchange-traded fund (ETF).
On the 28th, crypto-focused media CryptoBriefing reported that "Nasdaq has submitted an application for an Avalanche spot ETF (19b-4) to the U.S. Securities and Exchange Commission (SEC)."
Previously, Grayscale launched an Avalanche investment trust last August and is already operating related products.
The price of AVAX is trading at $20.551, down 5.82% from the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
