- Grayscale has filed with the SEC to launch a spot Avalanche ETF listed on Nasdaq.
- VanEck also seeks approval for an Avalanche ETF, signaling growing institutional interest.
Who would have thought that Avalanche (AVAX), once known only as an Ethereum alternative, is now being fought over by asset management giants? Grayscale, a major player in the digital asset space, has just filed an application with the US Securities and Exchange Commission (SEC) to launch an Avalanche spot ETF that will trade on the Nasdaq.
For investors who want exposure to AVAX without having to hold the token directly, this could be an interesting entry point. Moreover, AVAX is not an ordinary token—its ecosystem is continuously being expanded in various directions.
JUST IN: GRAYSCALE FILES TO LAUNCH A SPOT AVALANCHE $AVAX ETF WITH NASDAQ
— BSCN Headlines (@BSCNheadlines) March 28, 2025
Avalanche ETF Race Heats Up With VanEck
Grayscale is not the only one eyeing the potential of the Avalanche network. Previously, CNF reported that VanEck has also filed an S-1 registration document with the SEC to launch a similar ETF. This means that two big players are competing 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 in the United States market to provide direct access to AVAX through the Nasdaq.
Institutional and retail investors will be able to trade AVAX like a stock, without having to deal with crypto wallets or digital trading platforms that can sometimes feel like a maze of technology. Just click—and you’ve got it.
Avalanche Card Blurs Line Between Crypto and Reality
But ETFs are just one part of Avalanche’s story this year. The Avalanche Foundation has partnered with Visa Network Rain to launch the Avalanche Card. The card lets users spend digital assets like USDC, USDT, AVAX, and wAVAX anywhere Visa is accepted.
For those who have had enough of the trouble of moving crypto to fiat, this function feels like a long vacation—no more conversion issues, no spending constraints based on asset form, and no more staring at a digital wallet screen.
What’s more, the Avalanche Card isn’t just about the convenience of shopping. The underlying Rain infrastructure lets users spend AVAX like a traditional debit or credit card. Imagine paying for your morning coffee with AVAX as quickly as a tap of your card. This technology is blurring the line between crypto and the real world in a way that no other blockchain project has ever done before.
Kraken Adds Stablecoin Support to Avalanche Network
Another interesting news comes from the digital asset exchange realm. On March 25, 2025, Kraken announced its support for USDT and USDC stablecoins on the Avalanche network. This move is not just an addition to the asset list.
With lower transaction fees and much higher transfer speeds than other networks, Kraken users can now enjoy new efficiencies when transacting using stablecoins on Avalanche. This could be the beginning of a shift in liquidity flows to the Avalanche ecosystem.
Meanwhile, as of press time, AVAX is swapped hands at about $20.48, up 10.09% over the last 7 days and driving its market cap to surpass the $8.40 billion mark.
Recommended for you:
Credit: Source link
