First Trust NASDAQ Clean Edge Green Energy UCITS ETF Net Asset Value as of August 22, 2025

The First Trust NASDAQ Clean Edge Green Energy UCITS ETF's net asset value as of August 22, 2025, is $6,821,327.39, with a NAV per share of $14.361. The fund has 475,002 shares in issue and is denominated in USD.

Grayscale Investments has taken a significant step in the cryptocurrency market by filing an SEC S-1 on August 22, 2025, to launch a spot Avalanche (AVAX) exchange-traded fund (ETF) on Nasdaq. This move follows a wave of altcoin ETF applications, including those for Solana, XRP, and Dogecoin, with decisions expected later in 2025.

The filing indicates that the shares of the proposed Avalanche Trust would commence public sale "as soon as practicable" following the effective date of approval. Grayscale has selected Coinbase Custody as the fund’s custodian and BNY Mellon to handle administration and transfer agent responsibilities. The trust cannot launch until the SEC approves its corresponding 19b-4 application, which has a maximum review period of 240 days [1].

The prospectus outlines a share creation and redemption process where shares will be issued and redeemed in blocks of 10,000, referred to as "Baskets." Authorized participants can purchase and redeem these baskets directly with the trust on an ongoing basis. A separate liquidity provider will facilitate the exchange of AVAX for cash tied to each transaction.

Grayscale’s move to launch an Avalanche ETF is part of a broader trend of digital asset managers seeking regulatory approval for cryptocurrency ETFs. The Digital Currency Group subsidiary has previously launched an Avalanche Trust in August 2024 to provide accredited investors with indirect access to the token. Additionally, Grayscale and mutual fund manager VanEck have updated their applications for Solana-based ETFs, a procedural step often taken before the SEC issues a final decision [1].

The US SEC delayed a ruling on Grayscale’s Solana Trust until October 10, 2025, the statutory deadline. If approved, these would become the first US-listed Solana spot ETFs. Similarly, NYSE Arca submitted paperwork in January 2025 to convert the Grayscale XRP Trust into a spot ETF, with the SEC yet to approve it. The Dogecoin ETF, like the Avalanche application, follows a two-part approval process requiring both a 19b-4 exchange rule change and S-1 registration effectiveness [1].

In summary, Grayscale’s filing for the Avalanche ETF marks a significant development in the cryptocurrency market, aligning with the growing trend of regulatory approvals for digital asset ETFs. The potential launch of this ETF would provide investors with direct exposure to Avalanche through traditional brokerage accounts, under the ticker AVAX.

References:
[1] https://www.cryptopolitan.com/grayscale-submitts-an-sec-s-1-for-avax/