Grayscale Expands Portfolio With Avalanche Trust
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Grayscale Investments, a leading crypto asset manager with over 20 crypto investment products, has officially introduced the Grayscale Avalanche (AVAX) Trust to the public.
This move highlights Grayscale’s dedication to broadening its range of cryptocurrency investment offerings for investors. This new investment trust comes shortly after Grayscale introduced MakerDAO to the public.
Avalanche Trust Aims to Provide Exposure to Other Crypto Assets
In a detailed report, Grayscale Investments explained that the trust works like the firm’s other investment products but only focuses on AVAX, Avalanche’s native token. In addition, the trust can be shared daily.
Rayhaneh Sharif-Askary, Grayscale’s head of Product and Research, said in an interview that this investment trust is designed to allow accredited investors to acquire AVAX tokens without hassle.
Through this investment trust, investors can benefit from diversifying their portfolios and gaining exposure to a variety of cryptocurrencies. It can also help spread risk and potentially capture the growth of different digital assets in the crypto market.
Facts about Grayscale’s Avalanche Network
Avalanche operates as a Layer-1 blockchain network with three chains. It is known for its high-performance consensus protocol called Avalanche Consensus.
This consensus enables high-throughput, low-cost transactions and efficient decentralized applications.
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