Grayscale Files For Avalanche Spot ETF Listing on Nasdaq

Grayscale Investments has filed an application for a spot Avalanche ETF listing on Nasdaq, aiming to bring greater institutional accessibility to the cryptocurrency market. The ETF, pending SEC approval, will utilize Coinbase Custody as its custodian and BNY Mellon as its administrator. This filing signifies heightened interest in Avalanche among institutions, potentially contributing to increased market exposure if approved.