Grayscale Moves to Convert AAVE Trust Into ETF for Listing on NYSE Arca in February 2026

On February 18, 2026, Grayscale Investments submitted a filing to US regulators to transform its existing AAVE trust into an exchange-traded fund intended for listing on NYSE Arca. The proposed ETF would track the AAVE token, apply a 2.5% sponsor fee paid in AAVE, and use Coinbase as custodian and prime broker.