Grayscale Launches Avalanche Trust to Expand Crypto Investment Options

Grayscale Investments has introduced a new fund focused on Avalanche's native token, AVAX, as announced on August 22.

This fund, named the Grayscale Avalanche Trust, is designed to give investors exposure to Avalanche, a smart contract platform that emphasizes scalability, security, and decentralization.

Avalanche is a layer-1 blockchain known for its efforts in tokenizing real-world assets (RWAs) like real estate and commodities. In a related move, Franklin Templeton expanded its blockchain-based money market fund to the Avalanche network on the same day.

According to Grayscale’s head of product and research, Rayhaneh Sharif-Askary, the trust will enable investors to participate in Avalanche’s growth, especially in RWA tokenization, supported by its strategic partnerships and multi-chain framework. This trust is part of Grayscale’s extensive portfolio of over 20 crypto investment products, which includes non-exchange-traded options available only to qualified investors.

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Grayscale, the largest crypto fund manager with over $25 billion in assets, is widely recognized for its Bitcoin and Ethereum funds, including the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The company also manages private funds for other tokens like Basic Attention Token (BAT) and Chainlink (LINK).

During an August 12 webinar, Dave LaValle, Grayscale’s global head of ETFs, expressed optimism about the future of cryptocurrency ETFs, predicting growth in both single-asset funds and diversified crypto index products.

Alexander Stefanov