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Grayscale Unveils AVAX Trust

Avalanche lands its own Grayscale Trust product.

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Crypto’s oldest asset manager is launching a new investment vehicle that will offer certain individuals exposure to Avalanche.

What’s the Scoop?

  • New Trust: The Grayscale Grayscale Avalanche Avalanche Trust will offer AVAX exposure to qualified investors under its private placement model.
  • Restricted Access: Like many other Grayscale products, the AVAX 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.

Bankless Take:

While the pathway towards spot AVAX ETFs was illuminated by a Coinbase Coinbase Derivatives filing in late June to list AVAX futures, the presence of private placement Grayscale Trusts with loose registration criterias yields zero bearing on the future likelihood of spot ETF approval for any digital asset.


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In The Article
Avalanche Avalanche Grayscale Grayscale Coinbase Coinbase
Jack Inabinet

Written by Jack Inabinet

419 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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