Crypto Asset Manager Valkyrie Launches Avalanche Trust for Accredited Investors

Written By Cheryl Moy

The addition follows the firm unveiling its first multi-coin investment vehicle last month

Two weeks after launching its first multi-coin trust, Valkyrie Investments has added its first Avalanche-focused investment vehicle.

The Valkyrie Avalanche Trust (VAVAX), which will invest solely in the blockchain’s native token AVAX, is available to accredited investors. It carries a management fee of 2% and imposes a $25,000 minimum investment.

The price of Avalanche (AVAX) was about $61 on Wednesday morning, according to data compiled by Blockworks — down about 11% from a week ago. AVAX’s market capitalization of nearly $16 billion is the 14th highest among crypto coins. 

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Cheryl Moy
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