#GrayscaleEyesAVESpotETFConversion Big move in the crypto ETF race.
Grayscale Investments has officially filed with the U.S. Securities and Exchange Commission to convert its AAVE Trust into a Spot AAVE ETF. If approved, this would allow traditional investors to gain direct exposure to Aave through regulated markets — without needing to hold the token themselves.
Why this matters:
• Spot structure = real token backing
• Easier access via traditional brokerage accounts
• Potential institutional inflows into DeFi
• Strong signal that altcoin ETFs are gaining momentum
After the approval of spot