Asset manager Grayscale Investments has announced the launch of a new investment fund focused on the Aave government token, AAVE, on Oct. 3.
The Grayscale Aave Trust allows investors to gain exposure to AAVE.
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Available to qualified investors only, this fund expands Grayscale's range of crypto investment products.
In August, Grayscale also debuted three funds to invest in native protocol tokens for Sky (formerly MakerDAO), Bittensor and Sui.
According to Grayscale, Aave is a decentralized financial platform (DeFi) that uses self-executing smart contracts to facilitate transparent and decentralized lending and borrowing, eliminating the need for traditional intermediaries.