Asset manager Grayscale has launched a fund giving investors exposure to AAVE, the token behind the Ethereum-centric decentralized lending protocol Aave and the 44th biggest cryptocurrency by market cap.

The Grayscale Aave Trust allows investors to buy shares that track the price of the asset. It will operate like a closed-end fund, not an exchange-traded fund (ETF) that Grayscale offers Bitcoin and Ethereum investors following SEC approvals this year.

“Grayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance,” Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement.

“By leveraging blockchain technology and smart contracts,” she continued, “Aave’s decentralized platform aims to optimize lending and borrowing while removing intermediaries and reducing reliance on human judgment.”

Aave is a project in the

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Author: Mathew Di Salvo

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