EddieJayonCrypto

 11 Apr 25

tl;dr

Nasdaq has filed for a rule change with the SEC to list shares of an exchange-traded fund (ETF) tracking the spot price of Avalanche. This comes after similar filings for a VanEck Avalanche ETF and a Grayscale Avalanche fund. The filings reflect a growing trend of issuers addressing the demand for d...

Nasdaq has applied for a rule change with the SEC to list shares of an exchange-traded fund (ETF) tracking the spot price of Avalanche. This follows similar filings for a VanEck Avalanche ETF and a Grayscale Avalanche fund, indicating a growing trend of issuers addressing the demand for digital asset-focused investment products. The success of spot Bitcoin and Ethereum ETFs has spurred efforts to offer altcoin-focused investment products, with other altcoins like Dogecoin, Solana, XRP, Litecoin, and Sui also being considered for ETFs.

Analysts anticipate SEC approval for Avalanche and Dogecoin ETFs, with AVAX potentially approved by the end of December and DOGE by mid-October. Currently, AVAX, the native token of the Avalanche blockchain, is trading at about $18.30, down 87% from its all-time high. Despite this, Standard Chartered predicts AVAX to jump to $250 by the end of the decade, emphasizing Avalanche's unique approach to scaling through dedicated L1 app networks and its potential for relative price gains compared to Bitcoin and Ethereum.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 18 Jul 25
 18 Jul 25
 18 Jul 25