PANews reported on March 29 that Nate Geraci, president of The ETF Store, posted on the X platform that with Nasdaq submitting a Form 19b-4 application for the Grayscale Avalanche ETF, there are now 11 altcoin ETFs submitted to the U.S. Securities and Exchange Commission, including: XRP, SOL, DOGE, ADA, AVAX, SUI, HBAR, DOT, LTC, APT and AXL.

It is reported that VanEck has also registered the Avalanche ETF before. AVAX is currently about the 15th largest digital asset by market value.