Nasdaq Files Official Application with SEC for Altcoin Closely Followed by Turks!

While spot ETF applications continue, the latest move came from Grayscale.

Accordingly, Nasdaq, Grayscale filed a 19b-4 filing for an Avalanche ($AVAX) ETF for institutional and individual investors.

Nasdaq has submitted a formal request to the U.S. Securities and Exchange Commission (SEC) to approve the listing and trading of its Grayscale Avalanche ETF.

The exchange's 19b-4 filing means it is seeking regulatory permission to list the ETF, provided it receives SEC approval.

The fund aims to track the spot price of $AVAX, the native cryptocurrency of the Avalanche network.

Grayscale Investments also filed with the SEC for its Polkadot ETF in addition to Avalanche.

*This is not investment advice.