The crypto asset management giant Grayscale has launched a new trust that offers investors exposure to the decentralized finance (DeFi) protocol Aave (AAVE). The crypto firm’s new product is solely invested in Aave’s native token and functions like the company’s other single-asset trusts. Aave, which launched back in 2017, aims to serve as a decentralized […]
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The bullish jobs report adds fuel to hopes for an “Uptober” and fourth-quarter rally in Bitcoin’s price.
The strong United States September jobs report signals a possible slowdown in interest rate cuts but is still bullish for Bitcoin (BTC) as investors warm to riskier assets, Zach Pandl, Grayscale’s head of research, told Cointelegraph.
“Conversation about Fed rate cuts and debate about larger government deficits continue alongside solid economic growth, which should be net-positive for investors’ risk appetite and may reintroduce inflation risk in the medium-term,” Pandl said.
“Grayscale Research expects Bitcoin to benefit in this risk-positive environment,” he explained.
The AAVE token has outperformed this year after tokenholders endorsed upgrades to its tokenomics.
Asset manager Grayscale Investments launched a new investment fund for Aave’s governance token, AAVE, according to an Oct. 3 announcement.
The Grayscale Aave Trust “offers investors the opportunity to gain exposure to AAVE, the governance token for Aave’s platform,” Grayscale said.
The fund, which is only available to qualified investors, adds to Grayscale’s suite of single-asset crypto investment products. In August, Grayscale launched three trusts to invest in the native protocol tokens of Sky (previously MakerDAO), Bittensor and Sui, respectively.
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.
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin’s value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day’s trading. Fidelity and Grayscale Lead the Pack in Tuesday’s ETF Outflows After a series of positive inflows, the 12 U.S. spot […]
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted another round of inflows, netting $61.3 million. Meanwhile, the spot ethereum ETFs took a hit, with the nine funds collectively pulling out $822,290 during the trading session. Bitcoin ETFs Pull in Millions, Ethereum Funds Post Losses The spotlight was on bitcoin ETFs, which gathered $61.3 million […]
BlackRock, ARK 21Shares and Fidelity’s Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.
The United States spot Bitcoin exchange-traded funds raked in more than $1.1 billion this week, making it the largest week of inflows since July 15-19.
It included $494.4 million on Sept. 27 — the best-performing day since June. 4, according to Farside Investors. The solid day came one day after the spot Bitcoin ETFs tallied $366 million on Sept. 26.
Weekly flows were led by BlackRock’s iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF and the Fidelity® Wise Origin® Bitcoin Fund at $499 million, $289.5 million and $206.1 million, respectively.
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively […]
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. […]
According to the latest numbers, U.S. spot bitcoin exchange-traded funds (ETFs) raked in $135.95 million in inflows on Tuesday. Meanwhile, spot ether ETFs were not left behind, attracting $62.51 million in new capital. U.S. Bitcoin ETFs Reap $135M Inflows, Ether Funds Close Behind with $62M It was a solid day for U.S. spot bitcoin and […]
