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Grayscale has submitted an application to launch an exchange-traded fund linked to AAVE., 2026/02/15 16:40:12
Grayscale Investments has informed the U.S. Securities and Exchange Commission (SEC) of its intention to convert its Aave Trust into an exchange-traded fund (ETF) that tracks the cryptocurrency AAVE.
Should Grayscale receive regulatory approval, the ETF will commence trading on the NYSE Arca stock exchange. The management of the investment firm stated that the fund aims to provide traditional investors with access to the native coin of the decentralized lending platform Aave, which is built on the Ethereum blockchain.
According to the company’s filing, the AAVE-ETF will charge a fee of 2.5% of the fund’s net asset value, which will need to be paid in AAVE tokens. The American cryptocurrency exchange Coinbase is set to handle the custody of the crypto assets and the execution of trades.
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Grayscale launched the Aave Trust in October 2024. Currently, the trust manages assets valued at approximately $896,230. If the SEC approves the conversion to an exchange-traded crypto fund, it will become one of the first AAVE-linked ETFs listed on U.S. exchanges. The cryptocurrency AAVE is already included in index funds focused on decentralized finance (DeFi), as well as in the 21Shares Aave ETP and Global X Aave ETP, which are traded in Europe.
The AAVE token has decreased by 26.7% over the past month and is down 80.5% from its all-time high of $661.69, reached in May 2021. Currently, AAVE is trading at $126 with a market capitalization of $1.93 billion.
Earlier this year, Grayscale submitted applications to the U.S. regulator for the launch of exchange-traded funds linked to the cryptocurrencies NEAR and Binance Coin. Recent observations from Grayscale indicate that Bitcoin is no longer correlated with gold, and its price is more influenced by the stocks of technology companies.
