29 Apr 2025
📈Nasdaq Proposes Rule Change for VanEck Avalanche ETF Listing
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To List and Trade Shares of the VanEck Avalanche ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The Nasdaq Stock Market has filed a proposed rule change to list and trade shares of the VanEck Avalanche ETF under its Commodity-Based Trust Shares rule. This initiative aims to provide investors with a new trading vehicle linked to the performance of AVAX, the digital asset of the Avalanche network, highlighting the growing importance of digital assets in financial markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines the proposed rule change by Nasdaq to list and trade shares of the VanEck Avalanche ETF. This will create new investment opportunities for financial market participants, particularly in digital assets, impacting compliance and trading operations within related businesses.