The world’s largest crypto fund manager has taken another step in the digital asset space by launching the Grayscale Avalanche Trust.
This new investment fund is specifically designed to provide exposure to the AVAX token.
New crypto investment products
Grayscale offer an extensive portfolio of cryptocurrency investment products, and now, there is a new one, for AVAX.
The new fund is particularly appealing to accredited investors, offering them a simple, traditional way to invest in AVAX without the complexities of directly handling the cryptocurrency.
By removing the challenges and risks associated with cryptocurrency custody, the Grayscale Avalanche Trust makes digital asset investment more accessible, especially for institutional investors who prioritize risk management in their portfolios.
Following the announcement, AVAX’s price surged to $25.16, and Open Interest in Avalanche, which tracks the volume of outstanding derivative contracts, also spiked by nearly 9%.
A rise like this often shows that investors anticipate more price increases in the future.
New opportunity
Some says that now the rise in AVAX’s price isn’t merely a bullish reaction, but also signals AVAX’s long term potential.
Avalanche is emerging as a strong alternative to Ethereum, known for its ability to support decentralized applications with faster transaction speeds and lower costs.
With this new Trust, Grayscale continues to diversify its range of cryptocurrency products, which already includes funds focused on Bitcoin, Ethereum, and other leading digital assets.
This move aligns with Grayscale’s strategy of offering exposure to the most promising and innovative cryptocurrencies, drawing interest from both institutional and private investors globally.
It’s not a sprint, but a marathon
Grayscale Avalanche Trust is reserved for accredited investors, for those who want to invest in emerging cryptocurrencies with high growth potential.
By launching the Avalanche Trust, Grayscale signals its strong belief in Avalanche’s potential to become a major player in the blockchain industry, and generate considerable profit in the long term.
