Grayscale Investment has launched a new fund that provides investors with exposure to governance tokens. ghost
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The trust, called the Grayscale Aave Trust, “The Aave platform is a decentralized financial cryptocurrency platform that allows investors to borrow or lend cryptocurrencies and use smart contracts.
“Grayscale Aave Trust provides investors with exposure to a protocol that has the potential to revolutionize traditional finance,” Rayhaneh Sharif-Askary, head of product and research at Grayscale, said in a statement. “Aave’s decentralized platform aims to leverage blockchain technology and smart contracts to optimize lending while eliminating intermediaries and reducing reliance on human judgment.”
Grayscale has launched a number of cryptocurrency funds over the past year, most notably spot Bitcoin and Ether ETFs. SEC Approved Several spot Bitcoin ETFs launched in January, including from companies like BlackRock, Grayscale, and Fidelity. Later, the agency Approved 8 Ethereum ETFs.
Other companies are currently competing to launch other spot cryptocurrency ETFs. By bit It will track XRP. separately, Grayscale said it has the following plans: start This is an XRP “closed-end” fund for accredited investors.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Previously, Sarah was a reporter covering securities regulation at CQ Legal, where she first began reporting on cryptocurrencies. Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and is an avid coffee lover. You can follow her on Twitter @ForTheWynn.