Grayscale continues to launch cryptocurrency trusts, this time with AVAX. The company has announced the creation of a new crypto investment fund, Grayscale Avalanche Trust.
The new closed-end fund, like its predecessors, will be available to eligible individual and institutional accredited investors.
#AVAX n news showed growth of almost 7%, having received a signal for correction on the thirty-minute TF. On the daily TF there is a breakout of EMA 50. But we need to wait for the closing of the daily candle. Consolidation below it and, especially, below the volume level of $ 23.87 would mean the start of the growth correction from August 16.
The local wave structure indicates growth in the third wave, and it is not a fact that it is complete. The fourth corrective wave, in order to maintain the structure, should not fall below the high of the first, $22.80.
In a more global structure since October 2023, all growth since August 5 is probably only the start of the first wave of growth in a new five-wave structure after the ABC correction since March 2024.
As for #Grayscale, earlier on August 13, the company announced the launch of a crypto fund for investments in MakerDAO, Grayscale MakerDAO Trust. And on August 7,#Grayscaleannounced the creation of two new crypto investment funds - based on SUI and TAO. Grayscale Sui Trust and Grayscale Bittensor Trust.
Altcoins are gaining liquidity. But not all and not as fast as retail would like.
