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).
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 press release: https://t.co/cJf6spWdnh pic.twitter.com/YMFftGnSCE
— Grayscale (@Grayscale) October 3, 2024
*This is not investment advice.
