On March 29th, The ETF Store President Nate Geraci posted on the X platform that with Nasdaq submitting a 19b-4 form for the Grayscale Avalanche ETF, there are currently 11 cryptocurrency ETFs submitted to the U.S. Securities and Exchange Commission, including: XRP, SOL, DOGE, ADA, AVAX, SUI, HBAR, DOT, LTC, APT, and AXL.

It is reported that VanEck has also filed for an Avalanche ETF, with AVAX currently ranking as the 15th largest digital asset by market capitalization.