The price of Avalanche (AVAX) has been fluctuating since the end of its downtrend on March 10.

The Nasdaq exchange filed a formal request with the U.S. Securities and Exchange Commission seeking permission to list and trade shares of Grayscale's spot Avalanche (AVAX) exchange-traded fund (ETF).

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S.

AVAX may be in line for more gains in the short term.

Nasdaq's filing for Grayscale's Avalanche (AVAX) ETF highlights growing institutional interest in altcoin investment products, signaling a shift toward broader crypto adoption and accessibility in traditional financial markets. The post Nasdaq Files 19b-4 for Grayscale Avalanche (AVAX) ETF Listing appeared first on Cryptonews.

The crypto market was volatile this week as investors tried to make sense of the current economic environment and risk tolerance of the market. Tariffs were announced for the auto industry, which a few weeks ago may have crushed the market, but overall the news was met with a bit of a shrug.

Nasdaq has submitted a 19b-4 filing to the US Securities and Exchange Commission (SEC), proposing to list a spot Avalanche ETF managed by Grayscale Investments. This filing underscores the surging interest in regulated crypto investment vehicles, extending beyond the realm of Bitcoin (BTC) and Ethereum (ETH).

Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.Traders are divided about Bitcoin's price trajectory in 2025.

Grayscale is the next issuer to file a 19b-4 form for an Avalanche (AVAX) ETF. The filing enters a 90-day review period with the SEC.

The application comes as issuers aim to launch funds tracking a range of altcoins.

TL;DR Gelato has integrated its blockchain-as-a-service on Avalanche to facilitate the deployment of sovereign networks for institutions. The solution reduces costs and deployment times with interoperability through Avalanche InterChain Messaging. Companies like Kraken, Animoca Brands, Fox News, and eBay have already used Gelato's technology for blockchain solutions.

Avalanche e Gelato have introduced a new solution blockchain-as-a-service designed for financial institutions, public entities, and companies that wish to create customizable, interoperable, and highly reliable blockchain networks. The system drastically simplifies the creation and management of new Layer-1 networks, serving as a strategic infrastructure to support the adoption of blockchain technology by institutional players.

The global electronic stock exchange and marketplace Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list Grayscale Avalanche Trust (AVAX), a spot ETF tracking the Avalanche blockchain's native token, marking a pivotal step toward expanding crypto-based exchange-traded products (ETPs).

TL;DR Nasdaq requested SEC approval for an Avalanche (AVAX) ETF managed by Grayscale, converting its trust into a regulated investment product. VanEck also filed for an AVAX ETF, reflecting the growing institutional interest in regulated crypto investments.

Nasdaq has submitted an official request to the Securities and Exchange Commission (SEC) to list the Grayscale AVAX Trust as a spot ETF. The objective of the proposal is to transform the closed-end fund AVAX, active since August 2024, into an exchange-traded and fully regulated fund.

Grayscale Investments is moving forward with its efforts to introduce a spot Avalanche exchange-traded fund (ETF) product to the market. On March 27, Nasdaq applied to list and trade the Grayscale Avalanche Trust shares as an exchange-traded fund with the US Securities and Exchange Commission (SEC).

According to a recent analysis, the AVAX price is eyeing a rebound to as high as $44. This comes just as asset manager Grayscale files to offer an Avalanche ETF, which will list and trade on the Nasdaq exchange.

Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list and trade shares of Grayscale's proposed spot Avalanche exchange-traded fund.

Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign blockchain infrastructure during a crucial “tipping point” for institutional adoption.Gelato, which previously developed blockchain solutions for companies such as Kraken and Animoca Brands, unveiled the new upgrade that aims to let developers deploy fully sovereign chains faster and cheaper with full interoperability via Avalanche InterChain Messaging (ICM). Gelato emphasized that its service is ideal for advanced applications such as financial technology (fintech) requiring identity verification (KYC) and specialized gaming economies, according to a March 28 announcement shared exclusively with Cointelegraph.

Grayscale follows VanEck in seeking the SEC's approval to launch an Avalanche ETF alongside a slew of recent crypto fund proposals.

Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy. The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.

TL;DR Sei Foundation is considering acquiring 23andMe after its bankruptcy filing, aiming to protect the genetic data of millions of users using blockchain technology. The proposal empowers individuals by giving them full control over how their genetic information is stored, shared, and monetized.

If approved, the ETF would provide investors with a path to access AVAX through conventional brokerage accounts.

The approval could enhance mainstream adoption of crypto investments, offering diversified exposure and potentially stabilizing AVAX's market presence. The post Nasdaq seeks SEC approval to list Grayscale's spot Avalanche ETF appeared first on Crypto Briefing.

The Sei Foundation, the nonprofit behind the Sei (SEI) layer-1 blockchain, is considering acquiring bankrupt personal genomics giant 23andMe. The goal? To bring the genetic data of 15 million users onto blockchain rails, ensuring privacy, ownership, and control in what its calling its boldest DeSci bet yet.

The Sei Foundation is exploring the acquisition of 23andMe, a bankrupt genetic testing company, with plans to bring its data infrastructure onto the Sei blockchain. In a statement released on March 27, the Foundation revealed that the acquisition would mark a significant step toward protecting genetic data through on-chain solutions.

Sei Foundation revealed plans to acquire genetic testing firm 23andMe, which filed for bankruptcy early this week. The potential deal aims to revolutionise genetic data security and privacy using blockchain, guaranteeing user authority over sensitive details. The company said: We believe user data sovereignty is a matter of national security.

After 23andMe declared bankruptcy in the United States on March 23, 2024, the Sei Foundation, linked to the Sei blockchain network, announced its intention to consider acquiring the genetic testing company. The goal would be to protect the privacy of the genetic data of about 15 million users, offering them ownership and direct control of the information through secure and encrypted blockchain tools. The project, announced in a post published on March 27 on the official X account of the Sei network, aims to address an issue of growing importance: the security of bio-genetic data in the digital age, especially in contexts of financial instability like the current one of the American biotech company.

Sei Foundation considers acquiring bankrupt genomics firm 23andMe, saying it wants to protect the genetic privacy of 15m Americans by securing their data on blockchain. The post Sei Foundation Eyes 23andMe Buyout to Secure Genetic Data On Blockchain appeared first on Cryptonews.

Avalanche (AVAX) has been one of the standout performers in recent weeks, surging more than 53% since March 11 as bulls attempt to kickstart a broader recovery rally. The strong rebound follows a brutal correction in which AVAX lost over 72% of its value since mid-December 2024, triggering widespread capitulation and fear across the market.

The foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy.In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company's data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.

23andMe, the genetic testing company that went public in 2021, announced on March 23 that it was filing for Chapter 11 bankruptcy.

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.

Wyoming has taken a major step forward in the race to become a blockchain policy leader in the United States. The state has officially begun testing its own government-backed stablecoin, the Wyoming Stable Token (WYST), across several major blockchain networks.

Bitcoin (BTC) bulls have maintained the pressure and are attempting to push the price above the $90,000 resistance. A positive sign in favor of the bulls is that the US spot Bitcoin exchange-traded funds have witnessed net inflows for eight successive trading days, according to SoSoValue data.

The Avalanche crypto ecosystem is buzzing with excitement as the AVAX price surges toward new heights. After hitting a low of $15.27 on March 11, 2025, the Avalanche cryptocurrency price has rebounded impressively, climbing over 35% in just two weeks.

Since its low on March 10th, AVAX has surged to $22.12, posting a 1.30% gain in the last 24 hours, fueling market optimism. The RSI is sitting in the overbought zone (77), while both the MACD and EWO indicate bullish momentum.

A few days ago, Backed Finance announced the launch of the tokens Coinbase Stock (bCOIN) and S&P 500 (bCSPX) on the Avalanche C-Chain network. Thanks to these tokens, eligible DeFi users will be able to gain on-chain exposure to both the S&P500 and Coinbase.

Made in USA cryptos are back in focus as several key tokens show fresh activity heading into the last week of March. Among them are PENGU, AVAX, Pi Network (PI), Official Trump (TRUMP), and RENDER, each drawing attention for different reasons.

Avalanche's AVAX climbed 12% in the last 24 hours, with a 185% spike in daily trading volumes to nearly $400 million.

With Bitcoin (BTC) surging in price on Monday, the rest of the crypto market is also beginning to stir. Solana (SOL), Render (RENDER), and Avalanche (AVAX) are among the leaders of the crypto pack.

SOL, LINK, and SUI are the other notable gainers today.

Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.

AVAX traders are cautious right now, but might that change soon?

The price of Avalanche (AVAX) has rallied from its low of $15.00 on Feb. 3 to its low on March 10 before rebounding.

Polkadot (DOT) was also an underperformer, declining 3.7%.

Investment manager VanEck registered a trust company for an Avalanche (AVAX) exchange-traded fund (ETF) in Delaware.

Swiss-based Zuger Kantonalbank has expanded its crypto portfolio to include Cardano and Avalanche, alongside Bitcoin and Ethereum. This expansion, powered by Sygnum, aligns with MiCA regulations and rising global adoption, allowing customers to securely trade and invest in digital assets through the bank's e-banking platform. The post Swiss Zuger Kantonalbank Adds Cardano and Avalanche to its Crypto Offering appeared first on Cryptonews.