Grayscale applies to convert AAVE trust into ETF
According to The Block, Grayscale has submitted an application to the U.S. Securities and Exchange Commission (SEC) to convert its closed-end AAVE trust into an exchange-traded fund (ETF), intending to list on NYSE Arca.
The ETF will charge a 2.5% NAV sponsorship fee and will have Coinbase as the custodian and primary broker.
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