Grayscale Files for Aave ETF – DeFi Token Shows Technical Recovery

Asset manager Grayscale has filed with the U.S. Securities and Exchange Commission to convert its Aave Trust into an exchange-traded fund. The planned "Grayscale Aave Trust ETF" is set to be listed on NYSE Arca under the ticker "GAVE" and will invest directly in AAVE tokens. Following Bitwise, Grayscale is now the second provider seeking to launch such a product in the United States – a sign of continued institutional interest in DeFi exposure.

In parallel, Aave founder Stani Kulechov has presented a vision for the tokenization of "Abundance Capital," which he defines as infrastructure projects such as solar energy, energy storage, or robotics. According to Kulechov, this sector could reach a market volume of up to $50 trillion by 2050.

Technically, the AAVE price is in a recovery phase. At a current price of $127.24, the token is trading above its exponential moving average and showing increasing buying pressure. The market capitalization currently stands at approximately $1.93 billion. A breakthrough above the resistance level at $129.34 could trigger further price gains, while a drop below $122.61 would cloud the chart pattern.