Grayscale Files for Spot Avalanche ETF
on Nasdaq

Nasdaq has filed a proposal with the SEC to list a spot Avalanche ETF managed by Grayscale, which already operates an Avalanche Trust with a management fee of 2.5%. This ETF would provide a more affordable and flexible investment option for accessing the AVAX token, aligning with a growing trend toward regulated altcoin investments. Currently, the SEC has only approved spot ETFs for ether. If successful, this fund would make crypto assets accessible to traditional investors through regular brokerage accounts. Other firms, like VanEck, are also exploring Avalanche-related ETFs. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk