Breaking: Grayscale Launches Avalanche Trust, AVAX Price Rallies 10%

The leading crypto asset manager, Grayscale Investment has announced the launch of an investment trust for Avalanche. Following the announcement, the AVAX price soared nearly 10%, indicating the positive impact of the announcement on the investors’ sentiment. On the other hand, it also reflects the asset manager’s focus on expanding its offerings for digital asset investments.

Grayscale Expands Crypto Offerings With Avalanche Trust

In the latest announcement, Grayscale Investments reveals creating its latest single-asset crypto investment trust for Avalanche token. According to the announcement, this new product will be available to accredited investors. It would allow them to directly invest in AVAX.

Notably, the trust is part of Grayscale’s broader strategy to offer diverse investment opportunities in the crypto ecosystem. The asset manager highlights that the AVAX blockchain is designed to address the “blockchain trilemma” by optimizing scalability, security, and decentralization.

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