Grayscale, the American digital currency asset management company, has launched the Aave Trust Fund, offering investors exposure to the AAVE token. This new addition broadens Grayscale's portfolio of crypto investment products, which now features over 20 different vehicles.
Aave is an open-source protocol that facilitates the creation of non-custodial liquidity markets. Users can earn interest by supplying and borrowing assets at either a variable or stable interest rate.
The fund, Grayscale Aave Trust, is exclusively invested in the AAVE token, deriving its value from its price, less fees and expenses. This allows investors to access the token as a security, alleviating challenges associated with purchasing, storing, and securing the AAVE token directly.
With the introduction of the Aave Trust Fund, Grayscale continues to solidify its position as a leader in the crypto investment space, providing innovative solutions for investors.
