Grayscale Files to Convert Aave Trust Into Spot ETF

Edgen Crypto

·Feb 13 2026, 23:09

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Key Takeaways

Crypto asset manager Grayscale has submitted an application to the SEC to transform its Grayscale Aave Trust into a spot AAVE exchange-traded fund (ETF). The proposed ETF aims to list on the NYSE Arca, potentially broadening investor access to the decentralized finance token.

Grayscale has filed to convert its existing Aave Trust into a spot AAVE ETF.
The proposed fund is intended to be listed on the NYSE Arca exchange, a major US stock exchange.
The move could increase AAVE's liquidity and set a precedent for other major altcoin ETF applications.

Grayscale Pursues Spot Aave ETF on NYSE Arca

Grayscale Investments has filed a registration statement with the U.S. Securities and Exchange Commission to convert its Grayscale Aave Trust into a spot Aave exchange-traded fund (ETF). The application seeks to list the ETF's shares on the NYSE Arca exchange, which would offer investors regulated exposure to the AAVE token through a traditional stock market vehicle. This action is part of Grayscale's broader strategy to bring a suite of its digital asset products into the more accessible ETF format, mirroring its successful conversion of its flagship Bitcoin trust.

Filing Signals Potential for New Wave of DeFi ETFs

The potential approval of a spot AAVE ETF could significantly enhance the token's market accessibility and liquidity. By providing a regulated investment pathway, the ETF is positioned to attract capital from both institutional and retail investors who may be hesitant to directly hold digital assets. Industry analysts view this filing as a critical test case that could establish a precedent for other major altcoins, potentially triggering a new wave of ETF applications and fostering broader mainstream adoption of the decentralized finance (DeFi) sector.