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.

Avalanche Treasury Co. has entered a merger agreement with Mountain Lake Acquisition Corp. valued at over $675 million, aiming to create a public vehicle for AVAX exposure. The deal includes $460 million in treasury assets and a $200 million discounted AVAX purchase allocation, with plans to grow its digital asset treasury to exceed $1 billion.