Grayscale Launches Aave Trust, a New Crypto Investment Fund Targeting the DeFi Space

Following the development of Grayscale's revelation on the top 20 cryptos poised for success in Q4, as recently reported by CNF, Grayscale has further expanded

Cryptocurrency investment firm Grayscale has announced the launch of a new single-asset crypto investment fund called the Grayscale Aave Trust. This fund will be available to accredited investors through a private placement, the firm announced Monday.

The Grayscale Aave Trust is designed to give investors exposure to the Aave protocol, which is a protocol that allows users to lend and borrow a variety of cryptocurrencies. The AAVE token is the native token of the Aave protocol, and it is used for governance and to pay for transaction fees.

The Grayscale Aave Trust will be priced once a day, and it will be available in a variety of denominations, starting at $25,000. The fund will be listed on OTCQX, a marketplace for over-the-counter equity securities.

This new fund is part of Grayscale's broader strategy to expand its product suite and provide investors with more options for gaining exposure to cryptocurrencies. Grayscale already offers a variety of crypto investment products, including the popular Bitcoin Trust (GBTC) and the Ethereum Trust (ETHE).

Recently, Grayscale has also launched the Avalanche Trust, which gives investors exposure to the Avalanche protocol and its native token, AVAX. This fund is also available to accredited investors through a private placement.

Together, these funds give investors a way to gain exposure to some of the most popular and promising cryptocurrency protocols in the market today.

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