Grayscale is considering converting the AAVE Trust into a spot ETF

BlockBeats News, February 14, 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 to an ETF, intending to list on NYSE Arca. The ETF will charge a 2.5% NAV sponsorship fee (payable in AAVE) and will be custodied and primarily brokered by Coinbase.