The Grayscale website states that the current net asset value (NAV) per share is $13.88. The asset under management (AuM) for the fund is $151,281.

Grayscale started a single-asset fund based on Aave protocol (AAVE). The fund is only available through private subscription for accredited investors.

Grayscale Investments, the world's largest crypto asset manager, has announced the launch of its AAVE single-asset Trust fund, offering qualified investors exposure to the decentralized finance (DeFi) token. The AAVE Trust adds to Grayscale's growing suite of crypto investment products, including other recent offerings like Avalanche, Sui, and Bittensor Trust funds.

Grayscale, the American digital currency asset management company, has launched an Aave fund, providing investors with exposure to the AAVE token. This new offering expands Grayscale's lineup of crypto investment products, which now includes over 20 different vehicles.

Crypto asset manager Grayscale has introduced a new investment product providing exposure to Aave‘s native token, (CRYPTO: AAVE), as part of the firm's ongoing efforts to offer a wider range of innovative crypto investment products. It enables users to borrow cryptocurrency by using their existing tokens as collateral and also allows them to lend their crypto assets to earn interest.

Grayscale now has a trust that gives investors access to Aave, a DeFi protocol on Ethereum and the 44th biggest digital token by market cap.

The AAVE token has outperformed this year after tokenholders endorsed upgrades to its tokenomics.

Grayscale has announced the launch of the Grayscale Aave Trust—a crypto investment fund focused on the DeFi lending protocol Aave, according to an Oct. 3 statement. Following the announcement, Aave's token (AAVE) saw a 3% increase within the last hour, reaching $143, according to data from CryptoSlate.

Grayscale's expansion into Aave highlights growing institutional interest in DeFi, potentially accelerating blockchain adoption in traditional finance. The post Grayscale Investments adds Aave trust to its crypto product suit appeared first on Crypto Briefing.

TL;DR Grayscale launches the Grayscale® Aave Trust, offering exposure to AAVE. Aave is a decentralized platform for lending and borrowing without traditional intermediaries. The Trust is available to accredited investors with daily subscriptions.

Grayscale Investments has launched the Grayscale Aave Trust, offering accredited investors exposure to AAVE.

Grayscale Investments has launched the Grayscale Aave Trust, offering accredited investors a new way to gain exposure to AAVE, the native token of Aave.

Grayscale Investment launched a new fund on Thursday that provides investors exposure to governance token AAVE.

AAVE Price has recovered following Grayscale's announcement of the launch of its Grayscale Aave Trust. This fund will provide institutional investors exposure to the decentralized finance (DeFi) token.

Aave is a decentralized lending platform based on the Ethereum blockchain that offers automated loans of cryptocurrency using other tokens you own as collateral. It also lets users lend out their crypto to earn interest.

The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark.

Market dynamics for AAVE are now increasingly bearish, with a market sell-off imminent.

Uniswap exchange inflows reached 893,000, nearly double the inflows recorded the previous day.

UNI is making a strong comeback as bullish momentum pushes the token toward the critical $8.7 resistance level. After bouncing back from a recent low of $6.7, market enthusiasm is building, and traders are watching closely for a potential breakout.

Uniswap [UNI], one of the most prominent decentralized exchanges (DEXs) in the crypto space, recently experienced a sharp decline in its large transaction volume, plunging by 64%. This decline in high-volume trades has raised concerns among investors, as large transactions typically indicate the movement of capital by institutional players or whales.

Fenbushi Capital took losses on some of its holdings, divesting former DeFi stars like COMP, AAVE and UNI. Fenbushi also sold its EIGEN allocation.

Looking ahead, AAVE V3's growth trajectory and the overall DeFi resurgence suggest increasing confidence in decentralized financial protocols.

Uniswap remains the leading decentralized exchange by volume over the past seven days, posting a total volume of $8.1 billion.

Uniswap faces a transaction drop, but bullish signs emerge

Uniswap Labs is starting to accrue new reserves from its fee schedule based on selected liquidity pairs. In six months, the fees accrued more than $51M in new reserves for protocol development.

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Though September started rough for stock and cryptocurrency investors, the latter parts of the month provided a strong prelude to October, or, as many within the community call the month, ‘Uptober.'

Story Highlights The live price of the UniSwap crypto token is . The UNI price could reach a maximum of $10.47 in 2024. Unicoin price, with a potential surge, may reach a high of $44.49 by 2030. DeFi's have come into existence with the idea of no intermediaries.

Uniswap's UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone.

AAVE has a lot of momentum right now, but is that too good to last?

How will Q4 turn out for UNI, especially after Grayscale's latest bet?

WBTC bridges the gap between BTC and ETH. Yet, AAVE has reaped the most benefits, amassing 37K WBTC in supply.

Uptober is just around the corner. Crypto traders are eagerly anticipating the market's usual rally at this time of year.

It's been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million.

WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.

AAVE soars above $153.98 resistance with bullish momentum; traders eye $200 and beyond. Can it reach $261?

Aave (AAVE) has surged to its highest price in over a year, reaching $172, marking a significant milestone for the decentralized finance (DeFi) platform. This price surge has propelled the platform to new heights, driving up its market capitalization and signaling renewed confidence among investors.

The decentralized finance (DeFi) space continues to capture the attention of crypto investors, and Compound is currently one of its standout performers. Over the past week, Compound's native token, COMP, experienced an impressive 17.5% price surge, reaching $49.19 at press time.

Uniswap is growing its presence on L2, but raising doubts about the quality of liquidity and token pools. Arbitrum remains the more liquid chain, while Base carries multiple listings of low-liquidity pairs.

Aave's dominance grows with bullish metrics, stablecoin success, and multichain expansion.

Aave (AAVE) has soared to its highest price in over a year, driven by a strong bull trend and significant growth in Total Value Locked (TVL).

The altcoin market exhibited mixed signals as Bitcoin struggled to reclaim the $64,000 mark, trading at $63,782 at the time of this publication. Cardano has rejoined the top ten cryptocurrencies by market capitalization, AAVE is targeting $200 after overcoming a crucial hurdle, and Render is signaling consolidation following last week's impressive rallies.

Aave pushed its net deposits to above $20B, spread across 13 blockchains. The lending protocol grows its GHO supply, while testing the community for removing WBTC as collateral.

AAVE price pulled back on Tuesday, Sept. 24, as on-chain data showed an increase in centralized exchange outflows.

Baguio City, Philippines, 24th September 2024, Chainwire

The leading commission-free stocks and crypto trading platform, Robinhood has revealed the addition of three new crypto for the New York users, fueling market interest. In a recent announcement, the crypto trading platform said that it will be adding Uniswap (UNI), Stellar (XLM), and Tezos (XTZ), reflecting its growing focus on the digital assets space.

Commission-free investing app Robinhood has announced that Tezos (XTZ), Stellar (XLM), and Uniswap (UNI) can now be traded by New York residents.