GBTC and ETHE known ETFs owner Grayscale now targets Avalanche (AVAX). ETFs may not be intriguing, but Trusts can generate exciting demand for altcoins. Institutional investors can invest through safer crypto trusts, considering the negative/positive premium possibility.
Grayscale AVAX Fund Launch
AVAX continues the day with a 5% increase at $24.4. Grayscale, with over 20 crypto investment products, has made a move that will support the price in the medium and long term. Interest in the RWA field also causes demand for l1 solutions like Avalanche, which works specifically in this area.
Grayscale Head of Product and Research Rayhaneh Sharif-Askary wrote:
“The launch of the Avalanche Trust underscores Grayscale’s ongoing commitment to providing investors with innovative opportunities to access exciting developments in the crypto ecosystem. With its significant strategic partnerships and unique, multi-chain structure, Avalanche plays a crucial role in advancing RWA tokenization.
The Trust is now open for daily subscription by eligible accredited investors. The trust operates like Grayscale’s single-asset investment trusts and invests solely in the token underpinning the Avalanche network (AVAX).”
