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Grayscale Files for Spot Avalanche ETF on Nasdaq

Summary by Coin Desk

Nasdaq submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to approve the listing of a spot Avalanche exchange-traded fund (ETF) managed by Grayscale.Grayscale already manages an Avalanche Trust that carries a 2.5% management fee. The filing could lead to a cheaper, more flexible investment vehicle with exposure to the AVAX token, and reflects an industry trend toward developing regulated vehicles for altcoin trading.…

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Grayscale Files for Spot Avalanche ETF on Nasdaq

3 days ago·Manila, Philippines

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ZyCrypto

Grayscale Files For Spot Avalanche ETF With U.S. SEC Amid Altcoin ETF Craze

The Nasdaq exchange filed a formal request with the U.S. Securities and Exchange Commission seeking permission to list and trade shares of Grayscale’s spot Avalanche (AVAX) exchange-traded fund (ETF). Grayscale Seeks Approval For AVAX ETF On Nasdaq Grayscale is now starting down the route for an ETF investing in Avalanche’s AVAX token. The 19b-4 form for Grayscale’s AVAX ETF follows its registration as a Delaware Trust entity roughly two weeks a…

1 day ago

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Plato. Vertical Search. Ai. | PlatoAiStream. Data Intelligence. Vertical Search. Ai.

Nasdaq Files To Launch A New Grayscale Avalanche (AVAX) Exchange-Traded Fund - Data Intelligence

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX. Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents su…

2 days ago

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Crypto News | Bitcoin News | BTC-Pulse

Nasdaq Files 19b-4 to List Grayscale’s Avalanche (AVAX) ETF Amid Rising Altcoin ETF Interest

Nasdaq Submits 19b-4 for Grayscale’s Avalanche (AVAX) ETF Nasdaq submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) to list Grayscale’s Avalanche (AVAX) Trust as an exchange-traded fund (ETF). The AVAX ETF, upon approval, would render the existing Grayscale AVAX Trust a publicly traded product, providing investors with direct exposure to the 17th-largest cryptocurrency by market capitalization. This is another move in th…

2 days ago

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