The Nasdaq has filed for a rule change with the SEC to list shares of the proposed VanEck Avalanche ETF that would track the spot price of Avalanche (AVAX). This filing comes shortly after the firm applied for the ETF and follows a trend of multiple asset managers seeking to launch funds focusing on various altcoins. The move reflects a growing interest in investment products related to digital assets, particularly after successful launches of spot Bitcoin ETFs last year. Analysts suggest that both the Avalanche and Dogecoin ETFs are likely to gain approval soon. AVAX has seen a recent price drop, trading around $18.30, down significantly from its all-time high, but it has received optimistic forecasts from analysts predicting a potential price surge to $250 by the decade's end, thanks to unique scaling approaches used by the blockchain.

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