Nasdaq submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to approve the listing of a spot Avalanche exchange-traded fund (ETF) managed by Grayscale. Grayscale already manages an Avalanche Trust that carries a 2.5 …

The ETF saw over $1 billion in outflows last week alongside a surge in trading volumes.

The inflows come amid a slight market recovery as BTC rebounds from its monthly low, over growing pro-crypto stance from the Trump administration.

Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.

Institutional investors bought $38.7 billion worth of the spot bitcoin exchange-traded funds in the fourth quarter, filings with the Securities and Exchange Commission revealed.

The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.

Altcoins made waves as BTC held steady despite continued outflows from spot ETFs.

The bank’s clients are likely involved in the basis trade, rather than making a directional bet, said an analyst.

The regulator could reach a decision at the end of a 21 day comment period.

There’s a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.