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Grayscale announced the launch of its Aave-focused trust, providing investors access to AAVE tokens through a regulated fund.
What's the scoop?
- Largest DeFi Lending Protocol:
Aave remains the leading lending protocol by total value locked (TVL), according to DeFiLlama. - Series of Offerings: This comes shortly after Grayscale launched an
Avalanche Trust, and adds to its 20+ investment products.
Bankless Take:
Grayscale's move to add Aave to its lineup shows the increasing demand for DeFi exposure among institutional investors, providing a simple, regulated path to do so. Over the past few months, Aave has ascended into the limelight thanks to strong price performance, a refocusing on fundamentals investing, and acknowledgement of its dominance in DeFi lending, with its v3 recently surpassing $10B TVL. It also comes as Aave launches its partnership with Sky (formerly Maker), providing a nice set of tailwinds for the protocol if market forces shift in its favor.
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