15 Jul 2025
💹Nasdaq Proposes Trading Shares of Grayscale Avalanche Trust (AVAX)
Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the Grayscale Avalanche Trust (AVAX) Under Nasdaq Rule 5711(d) (Commodity Based Trust Shares)
Summary
The SEC is considering a proposed rule change from Nasdaq to list and trade shares of the Grayscale Avalanche Trust. This proposal, focusing on AVAX, raises essential regulatory questions and invites public comment to assess its alignment with securities regulations. The outcome may significantly affect the trading and investment landscape for digital assets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses a proposed rule change by Nasdaq to list and trade shares of the Grayscale Avalanche Trust (AVAX), which could impact businesses involved in cryptocurrency and asset management. This proposal raises regulatory compliance issues and market implications for stakeholders.