Nasdaq has applied to the U.S. Securities and Exchange Commission (SEC) for the listing and trading of the VanEck Avalanche Trust as an exchange-traded fund (ETF). This ETF aims to provide investors with indirect access to the AVAX token. If approved, investors will be able to benefit from Avalanche's price performance. VanEck has previously applied for Bitcoin, Ether, and Solana ETFs as well. Grayscale Investments is also pursuing a similar AVAX-backed ETF. The AVAX token lost 56% of its value during the market downturn in 2025. Share your thoughts in the comments.