Grayscale's Aave Trust offers institutional investors exposure to AAVE token

The AAVE price has rebounded above $140 after Grayscale launched the Aave Trust, offering institutional investors exposure to the token. The trust's creation has sparked a surge in AAVE's adoption and potential long-term price increases. Grayscale's Aave Trust is open for daily subscription by accredited investors and currently has $13.88 net asset value per share and $151,281 in assets under management.

The AAVE price is trading at around $141, up almost 2% in the last 24 hours, with increased trading volume.

AAVE Price Recovers As Grayscale Launches Aave Trust

AAVE price has bounced back following Grayscale's launch of its Aave Trust which will provide institutional investors exposure to the token. By Boluwatife Adeyemi

AAVE Price Recovers As Grayscale Launches Aave Trust Highlights

* AAVE has recovered above $140 following the announcement of the Grayscale Aave Trust.

* The trust will provide institutional investors exposure to the DeFi token.

* The Grayscale Aave Trust will further boost Aave's adoption, leading to more price surges in the long-term.

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. This is significant as it provides a huge boost in the token’s adoption, which could lead to more price surges in the long term.

AAVE PRICE RECOVERS FOLLOWING LAUNCH OF GRAYSCALE AAVE TRUST

The top DeFi coin rose above the $140 price mark on the back of Grayscale’s announcement of the launch of its Aave Trust. AAVE price had dropped to as low as $135 following a wave of crypto market sell-off . However, this recent development has provided a spark for the token, with a price recovery already on the horizon.

Grayscale announced in a press release the creation and public launch of its Aave Trust. The trust will offer investors the opportunity to gain exposure to AAVE, which is the governance token of the DeFi platform Aave. Speaking on the development, Grayscale’s Head of Product and Research Rayhaneh Sharif-Askary said,

Grayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance. By leveraging blockchain technology and smart contracts, Aave’s decentralized platform aims to optimize lending and borrowing while removing intermediaries and reducing reliance on human judgment.

WHAT TO KNOW ABOUT THE TRUST

Grayscale also announced that the trust is now open for daily subscription by eligible individual and institutional accredited investors. The Grayscale Aave Trust will be similar to all other Grayscale closed-end single asset-investment trusts. Therefore, it is solely invested in the AAVE token rather than a basket of assets. According to the Grayscale website, the net asset value (NAV) per share is currently $13.88. Meanwhile, the fund has $151,281 in assets under management (AuM). Grayscale continues to lead the way in offering crypto investment products, as it now offers more than 20 crypto funds.

At the time of writing, the AAVE price is trading at around $141, up almost 2% in the last 24 hours. Trading volume has also surged, with $316 million traded during this period.