The post New Grayscale Avalanche Trust Launched for AVAX Investors appeared on BitcoinEthereumNews.com.

Key Points: Grayscale Investments has launched the Grayscale Avalanche Trust, offering accredited investors exposure to AVAX, the native token of the Avalanche blockchain. Grayscale Avalanche Trust is part of Grayscale’s broader portfolio, which includes various cryptocurrency investment products like Bitcoin and Ethereum trusts. Grayscale Investments, the largest crypto asset in the world, has enlarged its portfolio to include the newly launched Grayscale Avalanche Trust. Read more: Grayscale Bitcoin Mini Trust Now Receives SEC Approval to Trade on NYSE Arca Grayscale Expands Its Portfolio with the Launch of Grayscale Avalanche Trust The newly proposed investment instrument provides an opportunity for accredited investors to gain exposure to the AVAX native token of the Avalanche blockchain network, which is reputed for being highly swashbuckling and zippy in its infrastructure. It’s positioned as one of the competitors to Ethereum. Grayscale Avalanche Trust will allow investors to get indirect exposure to AVAX without going through the whole hassle of actually buying it. The trust fits into the general plan of Grayscale, which is looking to offer more institutional investment opportunities in the cryptocurrency space. There are many heavyweight digital assets that Grayscale currently manages a number of investment trusts for. These include but are not limited to Bitcoin, Ethereum, Solana, and Litecoin. It allows the investors to buy shares which represent positions in the underlying digital assets. Leading the Path in Crypto Offerings with the Newest Trusts Bringing digital assets to the average investor has been what Grayscale does best. The firm came under the spotlight after its Bitcoin Trust became one of the first to gain approval for cryptocurrency exchange-traded funds trading from the U.S. Securities and Exchange Commission. Since then, the firm has continued to push the envelope and has just transformed its Ethereum Trust into an ETF structure. The newest launch from…

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Filed under: News - @ August 22, 2024 2:27 pm