According to Coindesk, Grayscale announced the launch of a new cryptocurrency investment product.
Accordingly, Garyscale is launching a new single-asset fund for AAVE.
Grayscale said it has launched a new fund offering exposure to Aave’s AAVE token, which is among a number of new products from the crypto asset manager.
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, told Coindesk:
“Grayscale Aave Trust offers investors a protocol that could revolutionize traditional finance.
“Aave’s decentralized platform leverages blockchain technology and smart contracts to optimize lending and borrowing while eliminating middlemen and reducing reliance on human judgment.”
Following the news, the AAVE price started to rise.
Grayscale also recently introduced investment products for Avalanche (AVAX), MakerDAO (MKR), Sui (SUI) and Bittensor (TAO).
*This is not investment advice.
