# GrayscaleEyesAVESpotETFConversion
Topic: Institutional adoption & Market trends
Headline: The Evolution of Crypto ETFs:
Is Aave Next?
As the dust settles on the initial
wave of Bitcoin and Ethereum Spot ETFs, the focus is shifting toward the rest
of the digital asset ecosystem. Recent reports indicate that Grayscale
is eyeing the conversion of its Grayscale Aave Trust into a Spot ETF.
This is a significant development
for a few reasons:
DeFi Validation:
An Aave Spot ETF would be one of the first to offer direct institutional
exposure to a Decentralized Finance (DeFi) protoco