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Grayscale Investments, a leading cryptocurrency asset manager, has introduced the Grayscale Avalanche Trust. This latest addition, unveiled on Thursday, provides investors with exposure to the AVAX token, which powers transactions and secures the Avalanche platform—a swift and scalable alternative to Ethereum. The trust’s launch follows a significant uptick in interest for cryptocurrency-linked ETFs since the SEC’s approval of Bitcoin ETFs earlier this year.
Amidst expanding its portfolio with over 20 cryptocurrency products under the guidance of new CEO Peter Mintzberg, Grayscale has maintained its commitment to innovation. Notable developments include the transformation of its Ethereum Trust into an ETF and the introduction of decentralized AI-focused investment options. This strategic expansion solidifies Grayscale’s role in advancing real-world asset tokenization, leveraging Avalanche’s distinctive multi-chain structure and crucial partnerships.
