Grayscale Investments Unveils New Avalanche (AVAX) Investment Fund

Per the company, the Grayscale Avalanche Trust will “offer investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform designed to simultaneously optimise for scalability, network security, and decentralisation.”

Asset manager Grayscale Investments announced a new investment fund for Avalanche’s native token, AVAX, on Aug. 22.

According to the company, the Grayscale Avalanche Trust will “offer investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform designed to simultaneously optimise for scalability, network security, and decentralisation.”

Avalanche is a layer-1 blockchain network focused on tokenizing real-world assets (RWA), which entails converting tangible assets into digital on-chain tokens.

On Aug. 22, Franklin Templeton also included Avalanche in its blockchain-based money market fund.

Through Avalanche’s strategic partnerships and multi-chain structure, Grayscale's Avalanche Trust allows investors to participate in the development of RWA tokenization. However, the fund is only available to qualified investors and is not traded on exchanges.

This new fund expands Grayscale's offerings, which now include more than 20 crypto investment products. Grayscale recently launched trusts for MakerDAO’s MKR token, Bittensor’s token, and Sui’s token. With flagship Bitcoin and Ether ETFs like the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE), Grayscale manages over $25 billion in assets.

During an Aug. 12 webinar, Dave LaValle, Grayscale's global head of ETFs, predicted that the cryptocurrency ETF market will grow to include more single-asset products and diversified crypto index funds.

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