Binance Market Watch: Nasdaq Advances Crypto ETF Push with VanEck Avalanche Filing

Nasdaq has taken a significant step toward expanding cryptocurrency investment options by filing a rule change application with the U.S. Securities and Exchange Commission (SEC) to list shares of a proposed VanEck Avalanche (AVAX) spot ETF. This development follows similar moves for Grayscale’s Avalanche fund and signals growing institutional interest in digital asset products. Below is a detailed analysis of this emerging trend in crypto-focused financial instruments.

Nasdaq Files for Rule Change to List VanEck Avalanche ETF

Nasdaq has submitted a rule change application to the SEC to list shares of a proposed exchange-traded fund (ETF) tracking the spot price of Avalanche (AVA). This filing comes a month after the fund giant submitted an application for a VanEck Avalanche ETF, and shortly after Nasdaq applied for a rules change to list shares of a Grayscale Avalanche fund. These actions reflect the growing demand for digital asset-focused investment products, inspired by the success of spot Bitcoin (BTC) and Ethereum (ETH) ETFs last year, which have attracted over $35 billion in net inflows.

Binance Launches LDUSDT Token for Passive Income and Futures Trading

Binance has announced the launch of LDUSDT, a new reward-bearing asset for its futures platform. Customers can convert their USDT into LDUSDT to trade on futures markets while earning a passive income through Simple Earn Flexible platform. LDUSDT provides an Annual Percentage Yield (APY) of 1.5%, guaranteed never to drop below zero. This builds on the success of Binance’s BFUSD asset, which was introduced in 2024 but lacked futures trading functionality.