**Greyscale Launches Aave Investment Fund, Expanding DeFi Offerings**

Greyscale, the world’s largest crypto fund manager, has introduced a new investment fund dedicated to Aave, a leading decentralized finance (DeFi) protocol. This fund allows investors to gain exposure to AAVE, the governance token for Aave, which is renowned for its Ethereum-based lending capabilities.

Aave stands out in the DeFi space with nearly $12 billion in total value locked and recent upgrades that enhance its tokenomics. Greyscale’s move reflects growing institutional interest in DeFi, providing a traditional investment vehicle for those looking to enter the sector without directly holding AAVE tokens.

This launch underscores the increasing significance of Ethereum-based DeFi projects in the financial landscape. By leveraging smart contracts, Aave eliminates intermediaries, making lending and borrowing more efficient and cost-effective. Greyscale’s Aave Trust marks a pivotal moment, highlighting the shift towards decentralized finance.