Grayscale Investments, the asset manager behind some of the largest crypto funds on Wall Street, is turning its attention to Avalanche (AVAX).
The firm has submitted paperwork to the U.S. Securities and Exchange Commission seeking approval for a new vehicle called the Grayscale Avalanche Trust.
Bridging AVAX to Traditional Markets
The product, if approved, would trade on Nasdaq and mirror AVAX’s price performance, giving investors exposure without the need to directly buy or hold the token. Custody will be handled by Coinbase Custody Trust, while Coinbase, Inc. will act as prime broker, underscoring Grayscale’s strategy of leaning on established institutions to reassure investors.
Building on Bitcoin and Ethereum Success
Grayscale’s earlier trusts tied to Bitcoin and Ethereum have drawn billions from institutions looking for regulated access to digital assets. The company hopes to replicate that success with Avalanche, especially as demand for token-specific investment products grows alongside the broader rally in crypto markets.
Institutional Spotlight on Avalanche
Approval could significantly boost Avalanche’s profile among professional investors. By opening a regulated pathway into AVAX, Grayscale would give traditional finance another entry point into crypto while strengthening confidence in Avalanche’s role within the sector.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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