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.
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.
The U.S. Securities and Exchange Commission has formally begun reviewing a proposal from Canary Capital for a staked Tron (TRX) ETF, a move that stands out amid repeated delays in crypto ETF approvals.
In a move that’s turned heads across the crypto market, Arthur Hayes, former CEO of BitMEX and longtime market commentator, has thrown his weight behind HYPE, the native asset of the decentralized derivatives exchange Hyperliquid.
High-profile crypto trader James Wynn has begun paring down his Bitcoin holdings after riding the latest wave to new all-time highs.
Bitcoin’s latest record-setting run has reignited chatter across the crypto markets—not just about BTC, but about what comes next.