Grayscale, one of the world's largest crypto asset managers, has taken action to create a spot ETF based on its Aave ($AAVE) token! The company has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to convert its existing Grayscale Aave Trust (currently a closed-end fund traded on OTC markets) into a spot exchange-traded fund (ETF). The application was filed on February 13, 2026. If approved: The ETF will be listed on the NYSE Arca exchange. Coinbase will act as both the custodian and the main underwriter. The sponsorship fee will be 2.5% annually and will be paid in AAVE tokens. This move is a significant step in the integration of DeFi (decentralized finance) into the traditional financial world. Grayscale is positioned as a competitor to Bitwise's previous similar AAVE ETF application and aims to offer institutional investors access to AAVE in a regulated way.
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#GrayscaleEyesAVESpotETFConversion
Grayscale, one of the world's largest crypto asset managers, has taken action to create a spot ETF based on its Aave ($AAVE) token! The company has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to convert its existing Grayscale Aave Trust (currently a closed-end fund traded on OTC markets) into a spot exchange-traded fund (ETF). The application was filed on February 13, 2026. If approved:
The ETF will be listed on the NYSE Arca exchange.
Coinbase will act as both the custodian and the main underwriter.
The sponsorship fee will be 2.5% annually and will be paid in AAVE tokens. This move is a significant step in the integration of DeFi (decentralized finance) into the traditional financial world. Grayscale is positioned as a competitor to Bitwise's previous similar AAVE ETF application and aims to offer institutional investors access to AAVE in a regulated way.