Nasdaq applies to amend rules for listing VanEck Avalanche ETF

A document submitted by Nasdaq on Thursday shows that Nasdaq has applied to the U.S. Securities and Exchange Commission to amend its rules, allowing the exchange to list exchange-traded funds tracking the spot price of Avalanche. This 19b-4 file was submitted a month after fund giant VanEck filed an application for Avalanche ETF, and more than two weeks after Nasdaq filed an application for rule changes allowing Grayscale Avalanche Fund to be listed. After Bitcoin and Ethereum spot ETFs were successfully listed last year, these applications and a series of other applications tracking top alternative coins indicate that issuers are increasingly striving to meet people's demand for investment products focused on digital assets. These 11 spot bitcoin funds have already generated over $35 billion in net inflows.