#我在Gate广场过新年

Today marks my 611th consecutive day of posting updates. Not a single day missed. Each post is crafted with care, not rushed. [微笑]If you think I am a serious person, you can follow me, and I hope the daily content can help you. The world is vast, and I am small. Click follow to make it easier to find me. [微笑][微笑]

Grayscale Investments has officially submitted an application to the U.S. SEC, planning to convert its AAVE trust into a spot ETF. This is not only a key step in Grayscale’s product lineup but also a milestone for DeFi’s transition into mainstream finance. It signifies a fundamental shift in asset identity. AAVE is evolving from a simple “DeFi token” to a “productive asset” that can be priced and accepted by the mainstream financial system. Once approved, this ETF will provide traditional investors with a compliant, convenient channel to participate in the AAVE ecosystem—without managing private keys—through regular brokerage accounts.

According to the application, the ETF will charge a 2.5% management fee payable in AAVE. This not only brings potential incremental funds and liquidity to AAVE but also shifts market narrative from short-term speculation to a reassessment of the intrinsic value of DeFi protocols. Of course, ETFs are amplifiers, not creators. The long-term value of AAVE ultimately depends on the revenue and ecosystem vitality of the AAVE protocol itself. But undoubtedly, the gate to compliance has opened, and the mainstreaming of DeFi is accelerating.