16 Apr 2025
📈Nasdaq's Proposed Rule Change for Grayscale Avalanche Trust Shares
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of 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 SEC has published a notice regarding the proposed listing and trading of shares of Grayscale Avalanche Trust (AVAX) on Nasdaq. This includes compliance details and the Trust's operational framework, enabling investors to gain exposure to AVAX through an exchange-traded product, reflecting the ongoing evolution of cryptocurrency investment options in regulated markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change enables trading shares of Grayscale Avalanche Trust (AVAX), impacting businesses through potential investment opportunities and market participation in cryptocurrency. This reflects evolving regulatory practices relevant to commodity trust shares and could influence investor strategies in digital asset markets.