According to the shared press release, leading financial services company Valkyrie Digital Assets has only Avalanche (AVAX) altcoin launched a new fund to invest.
The company’s CIO, Steven McClurg, stated in a statement that the AVAX Blockchain is capable of a “strikingly fast” transaction speed.
Investors must invest at least $25,000 to participate in the fund.
“Investors Show More and More Interest in DeFi Products”
With the institutional adoption of the Avalanche altcoin, this new investment vehicle was expected to arrive. McClurg said in a statement that asset investors are increasingly demanding new projects in the decentralized finance (DeFi) sector.
Ava Labs, the US-based company behind blockchain, had raised $350 million in investment in April, Bloomberg reported.
Avalanche (AVAX) is currently the world’s largest by market capitalization. crypto coins It ranks 13th, just behind the meme token Dogecoin.
According to data from DeFi analytics platform DefiLlama, Avalanche is the world’s fourth largest Proof of Stake Blockchain by total value locked (TVL).
Valkyrie Already Has Investment Products For Many Altcoins
With its new Avalanche Valkyrie Trust (VAVAX) product, Valkyrie now has a total of 7 different investment tools that track the price of individual cryptocurrencies. Giant financial company Bitcoin, Algorand, Dash, Polkadot, TRON and of Zilliqa It offers investment services in many altcoins, including
In addition, Valkyrie also operates some multi-coin funds. As it is known, the company’s fund that only tracks Proof of Stake cryptocurrencies was launched in April.
Earlier this year, Valkyrie had passed a significant milestone in assets under its management, surpassing $1 billion.
*Not investment advice.