Published on augustus 23, 2024, 12:29 am
Image source: Fox News
```json [ { "TLDR": "Grayscale Investments launched a new fund, Grayscale Avalanche Trust, for Avalanche's AVAX token, providing exposure to its focus on RWA tokenization. This expands Grayscale's extensive portfolio of cryptocurrency investment products and adds to their reputation as the largest crypto fund manager with over $25 billion in assets under management." } ] ```
Grayscale Investments has expanded its range of cryptocurrency investment products with the launch of a new fund for Avalanche’s native token, AVAX. The Grayscale Avalanche Trust provides investors with exposure to Avalanche, a smart contract platform that focuses on scalability, network security, and decentralization.
Avalanche is a layer-1 blockchain network that prioritizes real-world asset (RWA) tokenization by converting physical assets like real estate, commodities, or fine art into digital tokens on the blockchain. Franklin Templeton recently integrated its blockchain money market fund with Avalanche as well.
Grayscale’s latest offering, the Avalanche Trust, allows investors to engage in Avalanche’s advancement of RWA tokenization through strategic partnerships and its innovative multi-chain structure. This fund is exclusive to qualified investors and adds to Grayscale’s extensive portfolio of over 20 cryptocurrency investment products which include trusts for various tokens such as MakerDAO’s MKR token and Bittensor’s native protocol tokens.
As the world’s largest crypto fund manager with over $25 billion in assets under management, Grayscale is renowned for its Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) like Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). Additionally, they offer private single-asset funds for other popular tokens like Basic Attention Token (BAT) and Chainlink (LINK).
Looking ahead, Dave LaValle, Grayscale’s global head of ETFs, anticipates further growth in the cryptocurrency ETF market encompassing a broader range of digital assets and diversified crypto indexes. With more single-asset products and diversified offerings on the horizon, Grayscale remains at the forefront of cryptocurrency investment opportunities.
Original article posted by Fox News
