Grayscale Launches an Avalanche Blockchain Token Trust 

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Grayscale Investments has announced the addition of an Avalanche blockchain token trust to its list of recently introduced products.

The Grayscale Avalanche Trust, revealed on Thursday, will allow investors to gain exposure to the AVAX token, which is used to pay fees and secure the high-speed AVA blockchain, a competitor to Ethereum.

Demand for publicly traded products connected to cryptocurrencies and the surrounding industry has been increasing since January, when the Securities and Exchange Commission (SEC) approved the first Bitcoin (BTC) ETFs for US trading.

Grayscale, which is a part of the Digital Currency Group, has been bringing digital assets to traditional investors for ten years through its Bitcoin trust, which became one of the first ETFs after receiving approval.

The company also recently transitioned its Grayscale Ethereum Trust (ETHE) to an ETF structure.