Avalanche has jumped on major Grayscale boost
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This move has positioned Avalanche on the list of assets supported by Grayscale investments. It remains to be seen if this update will be the precursor to a likely AVAX ETF. The trust, a single-asset crypto investment fund available to eligible creditors, will focus exclusively on the token supporting the Avalanche network. The trust will shield investors from the rigors of buying and storing AVAX directly and act as a security for accredited investors. A management fee of 2.5% will apply to transactions to facilitate this service.The Avalanche community has applauded the positive market sentiment triggered by news of this launch.
Investors will look forward to a sustained bullish performance from Avalanche, with the anticipation that it might regain its previous standing in the crypto ecosystem.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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