Grayscale is launching trusts for cryptocurrencies aimed at accredited investors who wish to invest in digital assets. After experiencing massive growth with GBTC over the years, Grayscale transitioned to an ETF, making it the largest BTC ETF holder. Now, the company is increasing the number of alternatives in altcoins, with AAVE being the latest addition following AVAX and some artificial intelligence altcoins.
AAVE Coin News
Recently, Grayscale announced the launch of a trust for the popular DeFi altcoin AAVE. This Ethereum 
$3,317-based lending protocol is widely used, allowing users to borrow by using cryptocurrencies as collateral.
Although AAVE Coin has a market capitalization of $2.3 billion, its total locked value makes it the largest lending platform. Rayhaneh Sharif-Askary, Grayscale’s head of products and research, stated,
“Grayscale Aave Trust provides investors with the opportunity to invest in a protocol that has the potential to reshape traditional finance. Aave’s decentralized platform leverages blockchain technology and smart contracts to optimize borrowing while eliminating intermediaries.”
