@Binance BiBi Summarize this content

Grayscale has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to convert its existing Grayscale Aave Trust into an exchange-traded fund (ETF), renamed the Grayscale Aave Trust ETF.

The proposed ETF aims to list on NYSE Arca under the ticker **GAVE**, with a sponsor fee of **2.5%**. Coinbase will serve as custodian and prime broker, and the fund will hold AAVE tokens directly.

This filing, submitted on February 13, 2026, makes Grayscale the second firm seeking U.S. approval for an AAVE-linked ETF, following Bitwise's December 2025 filing for the Bitwise AAVE Strategy ETF (which plans to hold up to 60% directly in AAVE and at least 40% in related securities).

Aave remains the leading decentralized finance (DeFi) protocol, with over $27 billion in total value locked (per DeFiLlama). The AAVE token enables staking for yield and supports lending/borrowing across blockchains.

The AAVE token traded down 1.6% in the past 24 hours to approximately **$126**, remaining more than 80% below its all-time high of nearly **$662** from May 2021 (per CoinGecko).

This move reflects continued Wall Street interest in altcoin exposure via regulated products, even in a market downturn, and joins similar efforts for tokens like Uniswap and others.#AAVE $AAVE
{future}(AAVEUSDT)