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Nasdaq has officially applied to the SEC for the altcoin closely followed by the Turks!
While Spot ETF applications continue, the latest move came from Grayscale.
Accordingly, Nasdaq has filed a 19b-4 application for an Avalanche (AVAX) ETF for Grayscale institutional and individual investors.
Nasdaq has made an official request to the U.S. Securities and Exchange Commission for the listing of the Grayscale Avalanche ETF and the approval of its share trading.
The exchange's 19b-4 application means that it has requested regulatory approval to list the ETF, subject to SEC approval.
The fund aims to track the spot price of AVAX, the native cryptocurrency of the Avalanche network.
Grayscale Investments had also applied to the SEC for a Polkadot ETF besides Avalanche.