Nasdaq applies to launch VanEck Avalanche spot ETF, which may be approved by the end of December.

Nasdaq has submitted a rule change application to the U.S. SEC to list the Avalanche ($AVAX) spot ETF launched by VanEck on the exchange. This application comes about a month after VanEck's initial ETF proposal and closely follows a similar application submitted by Grayscale. Bloomberg analyst James Seyffart stated that the market generally expects the $AVAX and DOGE spot ETFs to be approved eventually, with $AVAX likely to be approved by the end of December this year, and DOGE possibly in mid-October. (Decrypt)