Grayscale Files Updated S‑1 for Sui ETF and Proposes AAVE ETF Conversion
Grayscale Investments has submitted two significant regulatory filings to the U.S. Securities and Exchange Commission (SEC) in February 2026, reflecting the firm’s ongoing expansion of crypto‑asset exchange‑traded funds (ETFs).
Sui ETF Filing
On February 12, 2026, Grayscale filed an amended S‑1 registration statement for a spot Sui (SUI) ETF. The update revises details concerning the fund’s structure and operational framework. The filing follows the firm’s original intent to launch the first U.S. spot Sui ETF and represents an effort to comply with SEC requirements while clarifying investment and custody mechanisms. The amendment was reported by Coingape, which noted that the Sui price rebounded 7 % following the announcement.
AAVE ETF Proposal
In a separate submission published on February 14, 2026, Grayscale proposed converting its AAVE fund into a U.S. ETF. The proposal, sourced from Cryptopolitan, outlines a plan to transform the existing AAVE holding into a regulated exchange‑traded product. The filing details the intended structure of the ETF, including custody arrangements and liquidity provisions, and seeks SEC approval to proceed.
Market Context
Grayscale’s filings occur amid a broader trend of crypto‑asset ETFs gaining traction. Earlier in the week, other issuers such as Canary Capital and Bitwise disclosed updates to their own ETF proposals, while institutional players like Jane Street increased holdings in XRP ETFs. Meanwhile, market participants observed significant outflows from Bitcoin ETFs, highlighting a shift in institutional allocation strategies.
Asset Performance
As of the close on February 12, 2026, Grayscale’s underlying crypto asset was priced at 0.00000106782 USD. Over the past 52 weeks, the asset reached a high of 0.0000168434 USD (August 12, 2025) and a low of 7.69905 × 10⁻⁸ USD (February 5, 2026). These figures illustrate the volatility that accompanies emerging crypto‑asset ETFs.
Regulatory Environment
The SEC continues to scrutinize ETF proposals, with recent filings from Grayscale and other firms demonstrating the evolving regulatory landscape. The addition of crypto executives to the Commodity Futures Trading Commission’s advisory committee further signals heightened oversight of the sector.
Grayscale’s dual filings underscore the firm’s strategy to broaden its ETF offerings across multiple crypto assets while navigating regulatory requirements. Market participants will watch for SEC approval decisions and the subsequent impact on asset liquidity and investor demand.
