3 Jun 2025
📈Nasdaq Rule Change Notice for Grayscale Avalanche Trust Shares
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of Grayscale Avalanche Trust (AVAX) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission issued a notice regarding the Nasdaq's proposed rule change to list and trade shares of the Grayscale Avalanche Trust (AVAX). This notice indicates an extended period for Commission action, allowing for further consideration of the implications surrounding the trading of these commodity-based trust shares.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to a proposed rule change by Nasdaq regarding the listing and trading of Grayscale Avalanche Trust shares, which holds financial implications for businesses involved in investment and securities trading. Business owners need to be aware of potential changes in compliance and trading regulations.