Nasdaq Seeks SEC Approval for Grayscale’s Avalanche Spot ETF, Marking a Milestone for Crypto Adoption
A significant move for the cryptocurrency world has been made by Nasdaq, which has applied to list Grayscale's Avalanche Trust ETF. This step could bring cryptocurrencies further into the mainstream, but it requires the U.S. Securities and Exchange Commission (SEC) to give a green light. If approved, the Avalanche Trust would move from being a futures ETF to becoming a spot ETF, which is a much more effective product for both Grayscale and the investors in and around the crypto markets. https://twitter.com/SwftCoin/status/1905640343288131658?t=nV1upWNkC5IFMYpjQr1NYw&s=19 The Potential Impact of Grayscale’s Avalanche ETF Leading digital asset manager Grayscale has been a pioneer in offering investment products tied to cryptocurrencies. Its latest move, an ETF tied directly to Avalanche's $AVAX token, could be a step toward much-touted but still elusive mainstream adoption of actual cryptocurrencies themselves in the financial markets. Previously, investment vehicles like this […]