Grayscale plans to convert its AAVE Trust into a spot ETF
BlockBeats News, February 14, according to The Block, Grayscale has submitted an application to the US Securities and Exchange Commission (SEC), planning to convert its closed-end AAVE Trust into an ETF, which is intended to be listed on NYSE Arca. This ETF will charge a 2.5% NAV sponsor fee (payable in AAVE), and a certain exchange will serve as the custodian and primary broker.
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