Grayscale Introduces Aave Trust for Qualified Investors

Last Updated on October 4, 2024

Adam Headshot
Written by
Person holding cellphone with logo of Grayscale Investments LLC on screen in front of webpage. Source: Timon - stock.adobe.com

Key Takeaways:

  • Grayscale Investments launched a new Aave Trust, offering qualified investors direct exposure to AAVE, Aave’s governance token.
  • Aave, a leading DeFi lending protocol, currently holds nearly $12 billion in total value locked (TVL) and introduced a new tokenomics model benefiting stakers.
  • Grayscale, managing around $21 billion in assets, continues expanding its crypto investment product range, including single-asset funds like this new Aave Trust.

Grayscale Investments has launched a new investment fund focused on Aave’s governance token, AAVE, as of October 3.

The Grayscale Aave Trust offers qualified investors direct exposure to AAVE, joining the firm’s expanding lineup of single-asset crypto investment products.

This follows earlier launches of investment trusts for tokens like Sky, Bittensor, and Sui in August.

Aave, a leading decentralized finance (DeFi) platform, allows for decentralized borrowing and lending through smart contracts, bypassing traditional financial intermediaries.

Grayscale, which manages around $21 billion in assets, is known for its Bitcoin and Ether ETFs, including the Grayscale Bitcoin Trust (GBTC).

As of October 2, Aave’s platform held nearly $12 billion in total value locked (TVL).

In July, AAVE tokenholders approved tokenomics upgrades to allocate platform revenue to stakers.

Grayscale’s Rayhaneh Sharif-Askary emphasized Aave’s ability to streamline lending and borrowing with minimal human intervention.

Additionally, Grayscale foresees growth in the crypto ETF market with more single-asset and diversified products.

About The Author

Adam Headshot
Written by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: