Grayscale Unveils Avalanche Trust, Driving 10% Surge in AVAX Price
- Rayhaneh stressed the need for crypto trust for the development of RWA tokenization.
- The statement caused the AVAX price to surge by around 10%, reaching $25.04.
An investment trust for Avalanche has been launched by Grayscale Investment, a top crypto asset manager. The AVAX price increased by about 10% after the development, showing that investors were positively affected by the news. Conversely, it shows that the asset manager is serious about growing its digital asset investing options.
The creation of Grayscale Investments newest single-asset crypto investment trust for the Avalanche token was revealed in the most recent statement. The statement states that accredited investors will have access to this new product. Direct investment in AVAX would be possible for them.
Boosting Investment Alternatives
Moreover, the trust is an important component of Grayscales larger plan to provide a variety of investment alternatives inside the cryptocurrency ecosystem. Also, the asset manager stresses that the blockchain trilemma may be solved by maximizing decentralization, security, and scalability on the AVAX blockchain.
Furthermore, the asset managers Head of Product & Research, Rayhaneh Sharif-Askary, spoke highly of the platform. He stressed the need for crypto trust for the development of RWA tokenization. The cryptocurrency has already helped spread RWA tokens more widely via its strategic alliances and multi-chain architecture, making it a desirable investment choice.
Also reflecting the asset managers attitude towards the crypto industry is the new crypto trust that was established. It seems the companys goal is to provide investors with easy access to significant new advancements in the cryptocurrency industry. The fact that the company is still committed to the digital asset market is evident in the fact that it provides over 20 crypto investment products. The statement caused the AVAX price to surge by around 10%, reaching $25.04 as per data from CMC.
Highlighted Crypto News Today:
33 Million Ripple Tokens Transferred To Binance: XRP Remains Steady
Read more: https://thenewscrypto.com/grayscale-unveils-avalanche-trust-driving-10-surge-in-avax-price/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
