On February 12, according to Cointelegraph, Avalon Labs announced that it is actively exploring the application to the Securities and Exchange Commission (SEC) for the industry's first Bitcoin-secured debt-listed fund to promote the compliance and popularization of Bitcoin financial products. The move is expected to lower the threshold for Bitcoin financial products to enter the mass market and provide a new path for the crypto industry to move towards the mainstream financial system. It is reported that the co-founder of Avalon Labs successfully issued a US dollar debt-based listed fund in 2021 and obtained SEC approval, and in-depth research on the feasibility of crypto companies' issuance of listed funds in the following years. Avalon Labs said it plans to work with top U.S. law firms to evaluate the fund's compliance framework and prepare relevant application materials. If it is successfully promoted, the fund is expected to become an important milestone for Bitcoin financial products to enter the traditional capital market, further promoting the development of crypto assets within the compliance framework.