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Grayscale Investments has announced the launch of a new investment fund for Avalanche’s native token, AVAX, on August 22. The Grayscale Avalanche Trust offers investors an opportunity to gain exposure to Avalanche, a layer-1 blockchain known for its three-chain smart contract platform that prioritizes scalability, security, and decentralization.
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Avalanche’s primary focus is on real-world asset (RWA) tokenization, which involves converting physical assets like real estate, commodities, or fine art into digital tokens on the blockchain. This announcement coincided with Franklin Templeton’s expansion of its blockchain-integrated money market fund to Avalanche, highlighting the growing interest in the network.
According to Rayhaneh Sharif-Askary, Grayscale’s head of product and research, the Avalanche Trust enables investors to engage with Avalanche’s progress in RWA tokenization, particularly through its strategic partnerships and unique multi-chain structure.
This new fund, which is not exchange-traded and is only accessible to qualified investors, expands Grayscale’s offerings to over 20 crypto investment products. Earlier in August, Grayscale launched a trust for MakerDAO’s MKR token and additional trusts for Bittensor and Sui protocol tokens.
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Grayscale, the world’s largest crypto fund manager with over $25 billion in assets under management (AUM), is best known for its Bitcoin and Ethereum ETFs, including the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The firm also manages private single-asset funds for other protocol tokens like Basic Attention Token and Chainlink.
During a webinar on August 12, Dave LaValle, Grayscale’s global head of ETFs, predicted the growth of the cryptocurrency ETF market, anticipating the introduction of more single-asset products as well as index-based and diversified crypto offerings.
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