Digital Asset Management Giant GrayScale hopes to launch the Avalanche (Avalanche) exchange fund (ETF) in the United States.
The NASDAQ stock market has listed its proposals to the US Securities and Exchange Commission (SEC) this week as a list of shares of the GrayScale Avalanche Trust.
GrayScale is not the first financial giant submitted to Avalanche ETF. According to a document submitted to Delaware earlier this month, Vaneck also hopes to start a fund related to Etherrium (ETH) rivals.
COINBASE custody is the manager of GrayScale’s Avalanche ETF if approved. Crypto Asset Manager also hopes to launch funds associated with Cardano (ADA), Solana (SOL), XRP and Hedera (HBAR).
In January 2024, the company used BTC (BTC) ETFS to bring billions of dollars worth of inlet to the best digital assets. The regulatory authorities approved Ether Leeum ETF in July.
The two financial companies of Franklin Templeton and HashDex also launched joint BTC-ETH ETF earlier this year.
Avax is trading for $ 20.36 for writing. The 17th password asset has declined almost 8% over the last 24 hours.
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