The post Grayscale’s Aave Fund Expands Its Crypto Investment Portfolio appeared on BitcoinEthereumNews.com.

Grayscale, the American digital currency asset management company, has launched an Aave fund, providing investors with exposure to the AAVE token. This new offering expands Grayscale’s lineup of crypto investment products, which now includes over 20 different vehicles. Aave is an open-source protocol that enables the creation of non-custodial liquidity markets. It allows users to earn interest by supplying and borrowing assets at either a variable or stable interest rate. Grayscale Adds Aave Fund To Its Product Suite The fund, Grayscale Aave Trust, is solely invested in and deriving value from the price of the AAVE token. It will track its value, less fees and expenses. With this fund, investors will be able to access the token as a security. While doing so, they will avoid challenges relating to buying, storing, and safekeeping the AAVE token directly. “We are proud to announce the creation of a new single-asset crypto investment fund, Grayscale AAVE Trust, which will be available through private placement. Available to eligible accredited investors,” read the official announcement. Grayscale Aave Trust adds to the list of funds the asset manager offers, extending its suite of investment products in the decentralized finance (DeFi) space. As BeInCrypto reported, the firm launched an Avalanche Trust recently, offering exposure to the AVAX token. Read more: How To Use Aave? Taken together, Grayscale now boasts over 20 different crypto investment vehicles, including the flagship Bitcoin Trust (GBTC) and the Ethereum Trust (ETHE). It is worth mentioning that these funds come after Grayscale successfully launched spot Bitcoin ETFs in January. These draw significant investor interest in crypto products that are now tradable publicly. Grayscale also opened a decentralized AI fund to accredited investors, offering them a diversified basket of tokens from sector projects. These developments highlight Grayscale’s increasing institutional interest in integrating traditional finance (TradFi)…

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Filed under: News - @ October 3, 2024 7:21 pm