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.

Source : Bankless - Oct 3, 2024