Grayscale is taking another step in its push to bridge digital assets with traditional finance, filing paperwork to convert its existing Aave Trust into a spot exchange-traded fund (ETF). The firm submits an S-1 registration statement to the U.S. Securities and Exchange Commission, outlining plans to transform the trust, originally launched in 2021 with roughly $12 million in assets, into a publicly traded vehicle that tracks the price of AAVE. If approved, the conversion would allow investors to gain exposure to the token through standard brokerage accounts, eliminating the need to manage private keys or navigate crypto custody solutions. The
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