Grayscale Introduces Avalanche Trust
Grayscale Investments, a leading cryptocurrency asset manager, has launched the Grayscale Avalanche Trust, giving investors exposure to AVAX tokens, which are essential for securing the Avalanche blockchain, known for its high-speed and scalable capabilities as a competitor to Ethereum and for reducing transaction fees.
The launch is part of Grayscale’s broader expansion into decentralized finance and AI tokens. The company has recently launched several new products, including a decentralized AI token fund. The Avalanche Trust, announced Thursday, is a significant addition to Grayscale’s investment options.
Growing interest in cryptocurrency investment products
Since the Securities and Exchange Commission (SEC) approved the first Bitcoin (BTC) ETF for U.S. trading in January, interest in publicly traded cryptocurrency products has skyrocketed. Grayscale, a prominent industry player and part of the Digital Currency Group, has been a pioneer in bringing digital assets to traditional investors. The Bitcoin Trust was one of the first ETFs to receive approval, and the company recently converted the Grayscale Ethereum Trust (ETHE) into an ETF structure.
Under the leadership of new CEO Peter Mintzberg, who took over from Goldman Sachs, Grayscale now offers over 20 cryptocurrency investment products. Recent additions include Grayscale Bittensor Trust and Grayscale Sui Trust, which focus on TAO and SUI tokens respectively.
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, highlighted Avalanche’s role in advancing real-world asset (RWA) tokenization through strategic partnerships and multi-chain architecture. At the time of writing, AVAX tokens were trading at around $23.
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