Grayscale Investments Unveils Dedicated Trust for Avalanche (AVAX)

Avalanche (AVAX) has recorded bullish figures as Grayscale Investments, unveiling a dedicated trust for the coin.

Grayscale Investments has unveiled a dedicated trust for Avalanche (AVAX), supporting investors in diversifying their crypto exposure.

The Grayscale Avalanche Trust enables investors to gain exposure to AVAX through real-world asset (RWA) tokenization.

Avalanche price surged 17% upon the announcement, currently trading at $24.84 with an 8.11% gain.

Grayscale is committed to advancing the adoption of RWA tokenization, and Avalanche plays a pivotal role in this initiative.

The trust is a single-asset crypto investment fund available to eligible creditors, focusing exclusively on AVAX and shielding investors from directly buying and storing the coin.

The trust serves as a security for accredited investors, and a management fee of 2.5% is applied to transactions for facilitating this service.

The Avalanche community welcomes the positive market sentiment triggered by this launch, especially given Avalanche's recent performance below expectations.

This institutional adoption may help propel Avalanche's sustained growth in the crypto market.

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