Avalanche (AVAX) Price: Holds Near $6.35 as Tokenized Fund Launches

TLDR AVAX trades near $6.35 after the launch of the Neuberger Securitize High Income Tokenized Fund (HINC) on Avalanche. HINC is sub-advised by Neuberger Berman and holds high-yield bonds, CLOs, and leveraged loans. AVAX sits below the Bollinger mid-band at $6.43, a short-term resistance point. Open interest in AVAX derivatives holds near $250 million, according [...]

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