Grayscale has launched the Grayscale Aave Trust, providing investors exposure to AAVE, the token behind Aave, a leading decentralized lending platform on Ethereum. The trust functions similarly to a closed-end fund, offering shares that track the price of AAVE. Aave is a prominent project in DeFi, aiming to revolutionize traditional financial services through blockchain and smart contracts. Grayscale's previous funds include spot Bitcoin and Ethereum ETFs, approved by the SEC earlier this year. Source: Decrypt
