Nasdaq has submitted an application to list an exchange-traded fund (ETF) that will track the performance of Avalanche, a blockchain platform. This move reflects the growing interest in cryptocurrency and blockchain technology within traditional financial markets. If approved, the ETF could provide investors with a new way to gain exposure to the Avalanche ecosystem.

Nasdaq has filed a proposal with the U.S. SEC to allow the trading of tokenized stocks alongside traditional methods, marking a significant shift in its operations towards blockchain integration. This move aims to enhance market efficiency and offer investors the choice of trading equities on-chain, while still ensuring the benefits of regulated markets. SEC Chairman Paul Atkins emphasized the importance of asset tokenization as part of the agency's priorities.