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ADA, NEAR, and APT have also charted impressive gains since yesterday.

Growing institutional adoption has reversed Avalanche's recent downtrend for the moment. However, the market looks weak.

AVAX, the native token of layer-1 blockchain Avalanche, has seen a rise of 12% in the past 24 hours, making it a top performer among the top 100 cryptocurrencies by market capitalization.

A new fund for the emerging crypto Avax: Avalanche Trust by Grayscale

Avalanche (AVAX) shows signs of a potential rally after enduring months of aggressive corrections. Currently trading at $23.43 when writing, AVAX has recently broken past a critical resistance level at $22.80, confirming a structural shift in the daily timeframe.

Franklin Templeton, a leading asset manager, has launched its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) on the Avalanche blockchain.

Cryptocurrency markets are in a buoyant mood on Friday in wake of Fed Chair Jerome Powell opening the door for imminent rate cuts, with traders parsing altcoin markets for top crypto performers today that might be able to deliver them the fastest gains.

The altcoin industry has consolidated in a bearish outlook for the past five months despite the notable rise in demand from institutional investors. The increased crypto regulatory clarity in the United States has created an enabling environment for further altcoin growth.

The crypto market prices today have mainly maintained an upward trajectory, igniting optimistic sentiments among traders and investors. Bitcoin (BTC) price maintained a break above $60K, whereas Ethereum (ETH), Solana (SOL), and XRP traded in the green territory.

Avalanche price rally had raised many eyebrows during the 2021 bull run, as it marked a massive run from a single-digit figure to as high as $145. A similar run is expected to occur yet again, as the token is believed to have begun with a similar consolidation.

Rayhaneh stressed the need for crypto trust for the development of RWA tokenization. The statement caused the AVAX price to surge by around 10%, reaching $25.04.

Avalanche price gained 16%+ in the last week, but are positive media headlines enough to sustain the AVAX rally?

Bitcoin also rose following dovish FOMC minutes and the Bitcoin restaking platform SatLayer raised $8 million in pre-seed funding.

Grayscale has broadened its crypto investment offerings by introducing an Avalanche (AVAX) trust.

Crypto asset manager Grayscale Investments has launched a trust giving investors exposure to Avalanche (AVAX), joining its many other products.

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm's onchain financial products. Avalanche Adds Franklin Templeton's Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.

Avalanche (AVAX) has recorded bullish figures as Grayscale Investments, unveiling a dedicated trust for the coin. The Grayscale Avalanche Trust is meant to support investors in diversifying their crypto exposure.

Grayscale Investment, the world's largest crypto asset manager, has announced the public launch of the Grayscale Avalanche Trust. Following this announcement, Avalanche (AVAX) gained significant attention from traders and investors and experienced a notable price surge.

Grayscale Investments has launched a new trust focusing on Avalanche (AVAX). This trust offers accredited investors a shot at getting involved with Avalanche.

Avalanche's AVAX token surged nearly 7% to around $25 following the announcement that major institutional firms — Grayscale and Franklin Templeton — were expanding their products to the blockchain network's ecosystem. The price increase helped reverse the recent downtrend for AVAX, which has fallen 20% over the past month amid broader market stagnation.

Grayscale's new Avalanche trust underscores the growing institutional interest and diversification in blockchain investments. The post Grayscale rolls out Avalanche trust product appeared first on Crypto Briefing.

On August 22, Grayscale Investments, one of the world's largest crypto-focused asset managers and a wholly-owned subsidiary of Digital Currency Group (DCG), announced the public launch of its latest investment product, the Grayscale® Avalanche Trust.

TL;DR Grayscale Investments launches the Grayscale® Avalanche Trust, an investment fund on the AVAX token. The fund is available to accredited investors and allows for a daily subscription. Avalanche stands out for its role in tokenizing real-world assets.

Franklin Templeton, a leading global asset management firm, has further advanced its digital asset initiatives by expanding its pioneering blockchain-integrated money market fund, Franklin OnChain US Government Money Fund, to the Avalanche network.