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The grayscale application to convert the AAVE trust into an ETF
ChainCatcher News, 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), with plans to list on NYSE Arca.
The ETF will charge a 2.5% NAV sponsorship fee and will be custodied and primarily brokered by Coinbase.