Major note
- Nasdaq recorded a new avalanche ETF filing with US Sec.
- Allanche ETF, supported by Grassscale, is second in the market from major asset managers.
- Avx Price maintained its deficiency despite the Bulish ETF filing news.
Grassscale Investments, LLCs have taken a major step in bringing a spot avoidance exchange-traded fund (ETF) to the market. Asset management giant has joined Vaneck in filing for Avax ETF with US Securities and Exchange Commission (SEC).
NASDAQ files for avalanche ETF approval
As Filing on 27 MarchThe firm applied through its exchange partner, Nasdaq. The firms presented the 19B -4 filing to the SEC to list and trade the proposed Grassscale avalanche trust ETF shares.
It is worth noting that this filing is an essential step in the regulatory approval process. It will be published in the federal register and will be open to public comments and reviews if accepted.
The filing has shown that the proposed ETF has been developed to track the value of the avelch, which is the native cryptocurrency of avalanche blockchain. This will allow investors to come into contact with Avax without keeping the property directly.
According to the update, the ETF will act just like the bitcoin and atherium products of Grassscale. The firm plans to convert its current private avalanche trust into publicly traded funds.
Grassscale’s avalanche trust was launched in August 2025 and currently manages approximately $ 1.7 million in property. If approved, the ETF will make Avx more accessible for institutional and retail investors, offering a regulated investment option with less technical barriers.
Avax rising institutional interest
It is worth noting that an avalanche shows widespread institutional interest in an alternative blockchain network beyond the pushed bitcoin and atherium.
Vaneck recently submitted a S-1 registration proposal Us Sec for your own Avax ETF. It also shows increasing appetite for avalanche-based investment products. Grassscale documentation of important service providers for the proposed funds in the filing presented.
It was noted that coinbase custody trust company would handle asset detention, while BNY Mellon would serve as administrators and transfer agents.
Fresides are expected to manage marketing efforts from Fund Services, and coindsk index will provide benchmark index to track the price of Awaax. The avalanche is designed for rapid transaction and scalability. It runs on three separate blockchains.
The X-chain moves the property, the C-chain supports the atherium-based smart contracts, and the P-chain manages the verifications and the custom blockchain. Network has become popular among developers and investors who are looking for an atherium option, often struggling with crowds.
Avax price falls between ETF filing
Reports suggest that the Avax price has experienced unexpected improvement as the news of filling has become public.
Coinmarketcap data suggests that the coin is more than 8% in the last 24 hours, trading at $ 20.09 as the press time. Although other top coins such as XRP, Etreum, and Solana are Seeing significant disadvantagesAvax has lost more than 10% in 30 days.
Meanwhile, the position of SEC on Digital Asset ETF has changed since the inauguration of President Donald Trump. Under the leadership of Acting Chairman Mark Uyda, the Commission has increased openness in the Digital Asset Fund, leading to a wave of new ETF applications.
If approved, Grassscale avalanche can mark another milestone in the growing institutional adoption of ETF crypto assets.
Disclaimer: CoinSpeaker is committed to providing fair and transparent reporting. The purpose of this article is to provide accurate and timely information, but it should not be taken as financial or investment advice. Since the market situation can change rapidly, we encourage you to verify the information on your own before taking any decision on this material and consult a professional.
Benjamin Godfrey is a blockchain enthusiastic and journalist who writes about the real -life applications of blockchain technology and innovations that are to run general acceptance and integration of emerging technology worldwide. His desire to educate people about cryptocurrency inspires his contribution to the famous blockchain media and sites.
Godfray Benjamin on X
