Digital asset management giant Grayscale hopes to launch Avalan (ETF) designed funds (ETF) in the USA.
Nasdaq stock market sent an offer This week, the local presence of the Katman-1 project will depend on the price of AVAX to list the shares of the US Securities and Stock Exchange Commission (SEC) Grayscale Avalanche Trust.
Grayscale is not the first financial giant to apply to the avalanche ETF. The documents submitted to Delaware state at the beginning of this month show that Vanck hopes to start a fund attached to his rival Ethereum (ETH).
Coinbase custody will serve as custody official of Grayscale’s avalanche ETF. The crypto asset manager also hopes to launch funds connected to Cardano (Ada), Solana (left), XRP and Hedera (HBAR).
In January 2024, the SEC is the first spot market Bitcoin (BTC) ETFs, bringing billions of dollars of entry into the best digital asset with its market value. The regulator later approved Ethereum ETFs to trad up last July.
Two financial companies, Franklin Templeton and Hashdex launched a joint BTC-ETFS earlier this year.
Avax is traded for $ 20.36 during writing. According to the market limit, the ranked 17th crypto presence fell by about 8% in the last 24 hours.
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