Leading digital asset manager Grayscale has filed an S-1 registration statement with the U.S. SEC to convert its existing Aave Trust into an exchange-traded fund (ETF).
The proposed ETF will list on NYSE Arca under the ticker symbol "GAVE" with a 2.5% annual management fee. Coinbase will serve as both custodian and prime broker for the fund.
Accelerating ETF Developments in Crypto
This move signals growing institutional interest in decentralized finance (DeFi) assets. Bitwise previously submitted a similar Aave ETF application, highlighting increasing demand for regulated DeFi investment vehicles.
As traditional finance structures increasingly merge with crypto assets, investors may soon access DeFi ecosystems through more familiar investment channels.
- Grayscale Aave ETF ticker: GAVE
- Annual management fee: 2.5%
- Custody and brokerage by Coinbase
- Bitwise previously filed similar application
This transformation reflects Grayscale's ongoing product innovation and indicates crypto assets' accelerating integration into mainstream financial systems.