Nasdaq Submits Application for Grayscale Avalanche ETF Amid Growing Altcoin ETF Interest

According to PANews, Nate Geraci, President of The ETF Store, announced on the X platform that Nasdaq has submitted a 19b-4 form application for the Grayscale Avalanche ETF. This submission adds to the growing list of altcoin ETFs presented to the U.S. Securities and Exchange Commission, now covering 11 cryptocurrencies: XRP, SOL, DOGE, ADA, AVAX, SUI, HBAR, DOT, LTC, APT, and AXL. Previously, VanEck also filed for an Avalanche ETF. Currently, AVAX ranks as the 15th largest digital asset by market capitalization.