Goldman’s roughly $100 billion government bond fund, FTIXX, connected to institutional settlement network Lynq on Avalanche on Monday, and many headlines were directly phrased as “$100B into Avalanche.”
Break it down: the fund itself was not turned into an on-chain token; it simply provides institutions with an additional channel to buy traditional shares. The assets that Lynq itself reported are only about $89.8 million, used by more than 30 institutions. The $100 billion figure is the fund’s size—not the money used to buy AVAX.
Market (Binance spot): yesterday it tapped a high around 12.01 and then surged up from about 10.3. It’s around 11.29 now, and over the last 24 hours it’s still up more than eight points. The product just went live, yet the price already jumped ahead.
What I think: this is good news, but the real capital will come in gradually. For now, this big bullish candle is more driven by sentiment; chasing here could easily lead to getting pulled into a retracement.
What I’ll do: I won’t chase near 11.3. I’ll wait for it to come back to 10.75–10.95 and hold there, then enter with a small position. First target: 11.80, then reassess at 12.20. If it breaks below 10.30, I’ll exit. Keep the position light.
$AVAX
Break it down: the fund itself was not turned into an on-chain token; it simply provides institutions with an additional channel to buy traditional shares. The assets that Lynq itself reported are only about $89.8 million, used by more than 30 institutions. The $100 billion figure is the fund’s size—not the money used to buy AVAX.
Market (Binance spot): yesterday it tapped a high around 12.01 and then surged up from about 10.3. It’s around 11.29 now, and over the last 24 hours it’s still up more than eight points. The product just went live, yet the price already jumped ahead.
What I think: this is good news, but the real capital will come in gradually. For now, this big bullish candle is more driven by sentiment; chasing here could easily lead to getting pulled into a retracement.
What I’ll do: I won’t chase near 11.3. I’ll wait for it to come back to 10.75–10.95 and hold there, then enter with a small position. First target: 11.80, then reassess at 12.20. If it breaks below 10.30, I’ll exit. Keep the position light.
$AVAX
