Valkyrie Launches Trust That Invests Directly in Avalanche

The trust is expected to push AVAX's institutional adoption

CIO Steven McClurg took note of the blockchain's"blazingly fast" transaction speed in his statement.

The launch of the new investment vehicle is expected on Avalanche's institutional adoption. McClurg says that sophisticated investors are increasingly asking for new projects in the decentralized finance sector. Avalanche is currently the 13th biggest cryptocurrency by market capitalization, trailing behind meme coin Dogecoin.

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