Grayscale Launches Aave (AAVE) Investment Trust

Grayscale has announced the launch of an investment fund focused on the lending and borrowing platform Aave.

Grayscale Launches Aave (aave) Investment Trust

On October 3, Grayscale Investments officially launched a new investment trust focused on the Aave platform, offering an exciting opportunity for investors to gain exposure to one of the most prominent DeFi (Decentralized Finance) projects today.

Grayscale Launches Aave (AAVE) Investment Trust
Grayscale Launches Aave (AAVE) Investment Trust

The Grayscale Aave Trust is the latest addition to Grayscale’s portfolio of cryptocurrency investment products. This move follows the company’s trend set in August when it introduced three investment trusts for projects like Sky (formerly MakerDAO), Bittensor, and Sui.

Aave, a leading DeFi platform with nearly $12 billion in total value locked (TVL), caught Grayscale’s attention due to its transparent and decentralized lending and borrowing model based on smart contract technology.

Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, emphasized:

By leveraging blockchain and smart contract technology, Aave’s decentralized platform aims to optimize lending and borrowing activities, eliminating intermediaries and reducing reliance on human judgment.

Grayscale, with approximately $21 billion in assets under management as of October 2, is well-known for its Bitcoin and Ethereum ETFs. However, the company continues to diversify its portfolio, offering individual trusts for other protocol tokens such as Basic Attention Token (BAT) and Chainlink (LINK).

Notably, the AAVE token has surged over 135% in the past 12 months, reflecting strong growth and investor confidence in the project. Recently, the Aave community approved a tokenomics upgrade, which will allocate a portion of the protocol’s revenue to AAVE stakers, providing further incentives for holding the token.

Price AAVE
Price AAVE

Related: Grayscale Launches Investment Fund for AVAX

1.0/5

(1 vote)

Latest

Azcnews Xrp Surges Following Approval Of Stablecoin Rlusd

News | Altcoin | Editor Choice | Policy & Regulations

XRP Surges Following Approval of Stablecoin RLUSD

Ripple's stablecoin RLUSD has received approval from the New York Department of Financial Services (NYDFS), sending XRP soaring in price.

Azcnews Bitcoin Signals Point To A Potential Rise To $105k

News | Analytics | Bitcoin | Editor Choice

Bitcoin Signals Point to a Potential Rise to $105K

The recent price correction has caused Bitcoin to liquidate a large amount of leverage, creating a cushion for the price to possibly rise to $105K.

Microsoft Refuses To Buy Bitcoin As Reserve Asset

Bitcoin | Editor Choice | News

Microsoft Refuses to Buy Bitcoin as Reserve Asset

Microsoft shareholders have decided to reject the purchase of Bitcoin as a reserve asset due to its high volatility.

Donald Trump's Son Predicts Bitcoin Will Reach $1 Million

News | Bitcoin | Editor Choice

Donald Trump’s Son Predicts Bitcoin Will Reach $1 Million

Eric Trump, the son of U.S. President Donald Trump, predicts that Bitcoin will reach $1 million in the future.

Binance Announces Listing Of Magic Eden (me) As A Seed Tag

News | Altcoin | Editor Choice | GameFi

Binance Announces Listing of Magic Eden (ME) as a Seed Tag

Binance has announced the listing of Magic Eden (ME) at 15:00 UTC on December 10, 2024. Magic Eden is an NFT marketplace on the Solana blockchain.