Grayscale launches Aave investment fund
Asset manager Grayscale Investments launched a new investment fund for Aave’s governance token, AAVE, according to an Oct. 3 announcement.
The Grayscale Aave Trust “offers investors the opportunity to gain exposure to AAVE, the governance token for Aave’s platform,” Grayscale said .
The fund, which is only available to qualified investors, adds to Grayscale’s suite of single-asset crypto investment products. In August, Grayscale launched three trusts to invest in the native protocol tokens of Sky (previously MakerDAO), Bittensor and Sui, respectively.
Grayscale crypto products. Source: Grayscale
Related: Grayscale launches investment fund for MakerDAO token
Aave is a decentralized finance (DeFi) platform “designed to help facilitate transparent, decentralized borrowing and lending by using self-executing smart contracts instead of traditional intermediaries,” Grayscale said.
Grayscale is the world’s largest crypto fund manager, with approximately $21 billion in assets under management as of Oct. 2, according to Grayscale.
It is best known for its Bitcoin ( BTC ) and Ether ( ETH ) exchange-traded funds (ETFs), including Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
Grayscale Aave Trust solely invests in the Aave ( AAVE ) token. Grayscale also operates private single-asset funds for other protocol tokens, such as Basic Attention Token ( BAT ) and Chainlink ( LINK ).
AAVE price over 12 months. Source: CoinMarketCap
Aave is DeFi’s most popular lending protocol, with nearly $12 billion in total value locked (TVL), according to DefiLlama.
In July, Aave’s tokenholders endorsed a proposal to upgrade its tokenomics with a mechanism directing a portion of the protocol’s revenues to AAVE stakers.
Aave earns revenue from liquidations of loans, which are collateralized in cryptocurrency.
The AAVE token has gained more than 110% in the past 12 months, according to CoinMarketCap.
“By leveraging Blockchain technology and smart contracts, Aave’s decentralized platform aims to optimize lending and borrowing while removing intermediaries and reducing reliance on human judgment,” Grayscale’s head of product and research, Rayhaneh Sharif-Askary, said in a statement.
In August, Dave LaValle, Grayscale’s global head of ETFs, predicted that the market for cryptocurrency ETFs will expand to encompass new types of digital assets and diversified crypto indexes.
“We’re going to see a number of more single-asset products, and then also certainly some index-based and diversified products,” LaValle said.
Magazine: Hamster Kombat tappers evolve with Swipe-to-Earn + Axie Pals Tamagotchis: Web3 Gamer
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale Sells $5.48M in TRUMP Token, Gains $483K
A crypto whale offloaded 630,339 TRUMP tokens for $5.48M, pocketing nearly $483K in profit at $8.70 per token.Whale Exits TRUMP Token with Nearly Half a Million in ProfitSmart Profit-Taking or Early Exit?Whale Moves as a Market Signal

Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries
Explore Arctic Pablo Coin's presale, Pudgy Penguins' gaming expansion, and Fwog's market trends. Discover the Top New Meme Coins to Invest in April 2025.Arctic Pablo Coin (APC): Staking and RewardsArctic Pablo Coin (APC): Presale Reaches Frostbite CityPudgy Penguins: Expanding into Mobile GamingFwog: Gaining Momentum in the Meme Coin MarketWrapping Up: Arctic Pablo Coin (APC) Stands OutFor More Information:

Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.

Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.

Trending news
MoreCrypto prices
More








