Summary
- Nasdaq reported that it submitted a 19b-4 filing to the SEC for the listing of the VanEck Avalanche (AVAX) Spot ETF.
- This is an important step taken about a month after VanEck proposed the ETF.
- A Bloomberg analyst reported that the approval of the ETF is likely to be completed by the end of the year.
Nasdaq is moving to list the VanEck Avalanche (AVAX) Spot Exchange-Traded Fund (ETF).
According to WuBlockchain on the 11th (local time), Nasdaq submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) for the VanEck Avalanche (AVAX) Spot Exchange-Traded Fund (ETF). This filing comes about a month after VanEck first proposed the ETF.
Regarding this, Bloomberg analyst James Seyffart predicted, "Both the Avalanche and Dogecoin (DOGE) spot ETFs are likely to be approved, with Avalanche possibly by the end of December this year and Dogecoin around mid-October."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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