May 7, 2025
Blockchain

Valkyrie Avalanche-based trust launched

  • May 4, 2022
  • 0

Asset manager Valkyrie Investments announced that it has launched a trust for accredited investors focused on the native token of the Avalanche network. .@ValkyrieFundsannounced the launch of Valkyrie

Asset manager Valkyrie Investments announced that it has launched a trust for accredited investors focused on the native token of the Avalanche network.

The purchase of other assets in the Valkyrie Avalanche Trust (VAVAX) is not provided.

The product is the protector of Copper Technologies.

Management fee will be 2% AUM. Investing in a trust is possible from $25,000.

Previously, Valkyrie Investments has launched products based on Bitcoin, Polkadot, Dash, Tron, and Zilliqa, as well as a number of assets (Bitcoin, Ethereum, Avalanche, Binance Coin, Terra, Polygon, and others).

Recall that in April, Ava Labs, the startup behind Avalanche, opened a $350 million funding round with a valuation of $5.25 billion.

Earlier, the head of the organization, John Woo, refused to name Avalanche as a competitor to Ethereum.

Source: Fork Log

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