Nasdaq’s Avalanche ETF Filing Fuels Altcoin Investment Surge

The Nasdaq has taken a significant step towards enabling institutional investors to access the altcoin market by filing an application for a VanEck-sponsored Avalanche (AVAX) spot exchange-traded fund (ETF). This filing, alongside Grayscale’s recent attempt to list an Avalanche fund, signifies growing interest in altcoins within U.S.-regulated crypto markets. 2023 has witnessed increased momentum as issuers actively seek to bring these investments to market with the expectation of strong demand following the success of Bitcoin and Ethereum ETFs last year.