World

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/grayscale-introduces-avax-trust-fund" data-wpel-link="internal" rel="noopener noreferrer nofollow">Grayscale Introduces AVAX Trust Fund</a><br></p>
<p style="text-align: justify">Grayscale, renowned for its GBTC and ETHE ETFs, has turned its focus towards <a href="https://en.bitcoinhaber.net/avalanche-network-braces-for-major-upgrade-and-multi-million-dollar-token-release" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX). While ETFs may not always captivate <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, Trusts have the potential to stir significant interest in altcoins. Institutional investors, wary of potential premiums, are increasingly viewing crypto trusts as a secure investment avenue.</p>
<h2 id="introduction-of-grayscale-avax-fund">Introduction of Grayscale AVAX Fund</h2>
<p style="text-align: justify">AVAX experienced a 5% uptick, reaching $24.4, as Grayscale announced its latest addition to their suite of over 20 crypto investment products. This strategic move is aimed at bolstering AVAX’s price in the medium and long term. The rising interest in Real World Asset (RWA) tokenization is also driving demand for layer 1 solutions like Avalanche, which is specifically designed to cater to these needs.</p>
<h2 id="significance-of-the-avalanche-trust">Significance of the Avalanche Trust</h2>
<p style="text-align: justify">Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, emphasized the importance of the Avalanche Trust. She noted that this launch reflects Grayscale’s dedication to offering investors novel opportunities within the crypto ecosystem. Avalanche’s strategic partnerships and unique multi-chain structure make it a key player in advancing RWA tokenization.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify;font-weight: bold">User-Usable Inferences:</p>
<p style="text-align: justify">– Institutional investors can now securely invest in AVAX through Grayscale’s trust.<br> – Avalanche’s unique multi-chain structure is pivotal for RWA tokenization.<br> – The trust is available for daily subscription to accredited investors, enhancing accessibility.</p>
<p style="text-align: justify">The Avalanche Trust operates similarly to Grayscale’s other single-asset investment trusts, focusing exclusively on AVAX. This move is anticipated to attract substantial institutional interest, further solidifying Avalanche’s role in the crypto market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/grayscale-introduces-avax-trust-fund" data-wpel-link="internal" rel="noopener noreferrer nofollow">Grayscale Introduces AVAX Trust Fund</a></h5>

Grayscale Introduces AVAX Trust Fund

Table of Contents

BH NEWS

Other articles published on Aug 22, 2024

Aptos teases NFT collaboration with Rarible amid on-chain activity spike

Bitcoin (BTC) Price Headed Toward $62K, Polygon (MATIC) Soars 12% Daily (Market Watch)

Binance Introduces ALPACA Futures

Goldman Sachs Contradicts Past Skepticism with $418M Bitcoin ETF Investment

Breaking: Ethereum (ETH) and Toncoin (TON) Whales Quietly Backing This Hidden Presale Star

Balanced Goes Live on Injective for Cross-Chain Crypto Swaps

Join our free newsletter for daily crypto updates!