Grayscale Unveils the Grayscale Avalanche Trust Fund Targeting the AVAX Token
In Brief
Grayscale has launched a brand new investment fund, dubbed the Grayscale Avalanche Trust, now open to those qualified accredited investors seeking new opportunities.
A firm specializing in cryptocurrency asset management Grayscale has rolled out a new single-asset fund called Grayscale Avalanche Trust. This offering, available via private placement, is designed specifically for qualified accredited investors.
The Grayscale Avalanche Trust provides investors with a pathway to invest in AVAX through a secure asset, removing the burden of purchasing, storing, and protecting AVAX directly. The trust's shares, which align with the market valuation of AVAX, are structured to mirror its market price.
AVAX serves as the native cryptocurrency in a decentralized network Avalanche Network , which consists of a multitude of computers communicating through cryptographic techniques. This network allows for the seamless transfer of digital assets known as AVAX, all of which are recorded on a blockchain—a public ledger ensuring transparency.
Currently, the Grayscale Avalanche Trust carries no performance fees, while the management fee is pegged at 2.50%. The Net Asset Value (NAV) per share is set at $11.75, with a one-day NAV fluctuation of 4.07%. The total assets managed under this trust amount to $260,832.18, and the AVAX per share is 0.49996585.
Grayscale Broadens Crypto Investment Spectrum With New Trusts for Bittensor and Sui Network
The company empowers investors to tap into the digital economy via a diverse array of innovative investment offerings. To date, it boasts a portfolio of over twenty cryptocurrency investment products. The firm manages multiple investment trusts that provide exposure to a variety of cryptocurrencies, such as Bitcoin, Ethereum, Solana, Litecoin, Zcash, Chainlink, and Decentraland. Investors can purchase shares in these trusts, which in turn, allocate funds into the associated cryptocurrencies.
Recently, Grayscale has introduced additional investment products , specifically the Grayscale Bittensor Trust and the Grayscale Sui Trust, which are exclusively focused on providing investment opportunities in Bittensor (TAO) and Sui Network (SUI), respectively. Furthermore, back in May, the firm expanded its portfolio by adding trusts for Near Protocol and Stacks.
Disclaimer
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