Grayscale requests the introduction of an Avalanche ETF on the NASDAQ in the SEC
- Grayscale submitted an application for the SEC to set up an Avalanche ETF listed on the Nasdaq.
- Vaneck also applies for approval for an Avalanche ETF, which indicates a growing institutional interest.
Who would have thought that Avalanche (Avax), once only known as an Ethereum alternative, is now being courted by global asset managers? Grayscale has just made an application to the US stock exchange supervision SEC at the approval of an Avalanche ETF that is to be traded.
For investors who want to participate in Avax without having to keep the token directly, this is an interesting entry point. In addition, AVAX is not an ordinary token, because the system is continuously expanded in different directions.
JUST IN: GRAYSCALE FILES TO LAUNCH A SPOT AVALANCHE $AVAX ETF WITH NASDAQ
— BSCN Headlines (@BSCNheadlines) March 28, 2025
Vaneck also takes part in the Avalanche ETF race
Grayscale is not the only one who has an eye on the potential of the Avalanche network. Previously had CNF reportsthat Vaneck also submitted an S-1 registration document to the SEC to put on a similar ETF. This means that two large players compete for one position: to become the official bridge between avalanche and traditional stock market investors.
If the application is approved, the Avalanche Spot ETF will be the first product on the US market that offers direct access to Avax via NASDAQ.
Institutional and small investors will be able to act like a share without having to deal with crypto wallets or digital trading platforms that can sometimes feel like a technical labyrinth. Just click and off you go.
Avalanche Card blurred the border between cryptocurrency and reality
But ETFs are only part of the history of avalanche this year. The Avalanche Foundation has teamed up with Visa Network Rain to introduce the Avalanche Card. With the card, users can spend digital assets such as USDC, USDT, AVAX and WAVAX wherever visas are accepted.
For those who have enough of the difficulties to convert cryptocurrencies into Fiat, this function feels like a long vacation – no more conversion problems, no restrictions on expenditure due to the shape of the assets and no more rigid on the screen of a digital wallet.
In addition, the Avalanche Card is not just about the convenience of shopping. The underlying Rain infrastructure enables users to use AVAX like a conventional debit or credit card. Imagine you pay your morning coffee with Avax as quickly as with a tap on your card. This technology blurred the boundaries between cryptocurrencies and the real world in a way that no other blockchain project has ever done before.
Kraken adds stablecoin support to the Avalanche network
Another interesting news comes from the area of the stock exchanges for digital assets. On March 25, 2025, Kraken announced the support for USDT and USDC StableCoins in the Avalanche Network. This step is not just an addition to the asset list.
With lower transaction fees and much higher transmission speeds than with other networks, octopus users can now benefit from new efficiency in transactions with stable coins on Avalanche. This could be the beginning of a shift in liquidity flows to the Avalanche ecosystem.
At the editorial deadline, AVAX’s course was around $ 20.48, which corresponds to an increase of 10.09 % in the last 7 days and market capitalization increases to over $ 8.40 billion.
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