- A new investment trust centered around the AVAX token has been introduced by Grayscale Investments.
- The goal of the Grayscale Avalanche Trust is to introduce accredited investors to cryptocurrencies.
Grayscale Investments has introduced the Grayscale Avalanche Trust and increased the range of cryptocurrency investment products in its portfolio.
The purpose of this new investment vehicle is to introduce accredited investors to AVAX, the native token of the blockchain network of Avalanche.
The trust, which is currently accepting daily subscribers, focuses solely on AVAX and functions similarly to Grayscale’s current single-asset investment products.
The introduction of Grayscale Avalanche Trust, in the words of Rayhaneh Sharif-Askary, head of product and research at Grayscale, “highlights Grayscale’s ongoing commitment to providing investors with innovative opportunities to access exciting developments in the cryptocurrency ecosystem.” The unique multi-chain structure of Avalanche and its significant strategic partnerships are propelling RWA tokenization forward.
Investment trusts managed by Grayscale offer exposure to a range of cryptocurrencies, such as Ethereum, Bitcoin, Solana, Litecoin, Zcash, Chainlink, and Decentraland. Shares of the trust, which invests in the underlying cryptocurrency, are bought by investors.
Grayscale added two new trusts to its lineup earlier this month: one that invested in Sui and the other in Bittensor. In May, the company launched trusts for Stacks and Near Protocol, broadening its offering.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
