Grayscale Launches Investment Fund for AVAX

On August 22, Grayscale Investments, the world’s leading asset management company, announced the launch of a new investment fund for Avalanche’s AVAX token.

The Grayscale Avalanche Trust offers investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform optimized for scalability, network security, and decentralization.

Avalanche is a Layer-1 blockchain network focused on real-world asset tokenization (RWA), which involves converting tangible assets such as real estate, commodities, or art into digital tokens on the blockchain.

This fund is not exchange-traded and is only available to qualified investors from Grayscale. It is part of Grayscale’s portfolio of over 20 cryptocurrency investment products. Previously, on August 13, Grayscale launched a fund for investing in MakerDAO’s MKR token. On August 7, Grayscale also introduced two other funds for investing in Bittensor’s and Sui’s native tokens. Furthermore, they established an AI investment fund for five tokens.

Grayscale is the world’s largest crypto asset management company, with over $25 billion in assets under management. The company is well-known for its exchange-traded funds (ETFs) for Bitcoin (BTC) and Ether (ETH), including the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).

Additionally, Grayscale operates private single-asset funds for other protocol tokens like Basic Attention Token (BAT) and Chainlink (LINK). During an August 12 webinar, Dave LaValle, Grayscale’s Global Head of ETFs, predicted that the market for cryptocurrency ETFs would expand to include new types of digital assets and diversified crypto indexes.