Grayscale Seeks SEC Approval for Avalanche ETF Listing on Nasdaq Ozak AI Raises $900,000 in Presale, Emerges as Institutional Favorite
2min read Grayscale has submitted an application to the SEC to list a spot Avalanche ETF on Nasdaq, aiming to broaden its crypto offerings to institutional investors. The proposed ETF would convert the existing Avalanche Trust into a listed product, providing exposure to AVAX through conventional brokerage platforms. coinbase Custody would handle custody, while BNY Mellon would oversee administration, and CSC Delaware Trust Company would act as trustee. The fund aims to track AVAX using a benchmark index provided by CoinDesk Indices.
Meanwhile, Ozak AI (OZ) is emerging as a new AI-powered crypto that experts believe could become the next institutional favorite. Ozak AI uses real-time data processing and machine learning to aid decision-making in fast markets. The platform incorporates a design that enables the development of precise predictive analysis by deploying customizable agents. These models can be adjusted to fit diverse trading strategies and use cases. Ozak AI’s infrastructure consists of the Ozak Stream Network (OSN) for low-latency data handling and Decentralized Physical Infrastructure Networks (DePIN) for better efficiency and system reliability. This setup allows enterprises to adopt AI and blockchain on one platform without centralized control.
Ozak AI’s technology works across various sectors but strongly aligns with financial tools. It seeks to help institutions navigate complex data using AI without risking data security. The platform allows for the analysis to be automatically scalable and yet transparent via blockchain. Ozak AI has shown substantial interest following its popular presale period, raising more than $900,000. The third stage of the presale is ongoing, with the token pricing at $0.003. As the presale advances, it’s expected that the price will rise, which bodes well for those who get in early. In the next stage, the price of the token will increase to $0.005 and finally make a debut at $0.05 when the presale ends. Investors are already seeing substantial support for the project, with over 162 million $OZ tokens sold so far.
Institutions seek scalable platforms, and Ozak AI caters to that requirement. It makes the ingestion of data easier without compromising on the security part because it is decentralized. Moreover, it also includes the improvement of the analytical engines, which can help support institutional decisions. Investors on a large scale prefer solutions that are a collaboration of blockchain trust with AI efficiency. The architecture of Ozak AI brings potential to fulfill these needs seamlessly. Furthermore, robust partnerships provide greater reach of the market and the potential for global traction. Risk management tools that can accommodate changing market dynamics are well appreciated by institutions. This further ensures the relevance of future development in a changing crypto environment. As a result, institutions see Ozak AI as a potential industry leader for long-term growth.
Ask Aime: What is the impact of Grayscale's application to list an Avalanche ETF on Nasdaq on the crypto market and institutional investors?
