Grayscale Launching Avalanche Trust on Nasdaq for Institutional Investors

Grayscale has filed a registration statement with the SEC to launch the Grayscale Avalanche Trust, a move aimed at expanding its crypto product offerings and providing easier access to AVAX tokens. The trust will track the price of AVAX, allowing traditional investors to gain exposure to the cryptocurrency without direct ownership or custody. This initiative is supported by Coinbase Custody and Coinbase Inc., both known for their involvement in securing cryptocurrency assets and navigating the complexities of regulated crypto markets.