2024

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Avalanche

<a href="https://bitcoinworld.co.in/grayscale-unveils-avalanche-avax-trust/" title="Grayscale Unveils Avalanche (AVAX) Trust" rel="nofollow" data-wpel-link="internal"></a>
<ul> 
 <li style="font-weight: 400">Crypto’s oldest asset manager, Grayscale, is launching a new investment vehicle that will offer certain individuals exposure to Avalanche (AVAX).</li> 
</ul> 
The Grayscale Avalanche Trust will <a href="https://twitter.com/Grayscale/status/1826605888196804973" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">offer</a> AVAX exposure to qualified investors under its private placement model. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We are proud to announce the creation of a new single-asset crypto investment fund, available through private placement: Grayscale Avalanche Trust <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">$AVAX</a>. 
 Available to eligible accredited investors. 
 Read the press release: <a href="https://t.co/XwKfjPD9Tw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">https://t.co/XwKfjPD9Tw</a> <a href="https://t.co/HdzlNfwkQ8" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">pic.twitter.com/HdzlNfwkQ8</a> 
 — Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1826605888196804973?ref_src=twsrc%5Etfw" data-wpel-link="external" rel="nofollow noopener noreferrer sponsored">August 22, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Like many other Grayscale products, the AVAX trust fund will only be available via private placement, meaning that redemptions are unavailable, which could cause the product to trade at extreme discounts and premiums, and only accredited investors can purchase shares, subject to a one-year mandatory holding period. 
While the pathway towards spot AVAX ETFs was illuminated by a Coinbase Derivatives filing in late June to list AVAX futures, the presence of private placement Grayscale Trusts with loose registration criteria yields zero bearing on the future likelihood of spot ETF approval for any digital asset.

Grayscale Unveils Avalanche (AVAX) Trust

ItsBitcoinWorld

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