According to ChainCatcher, as reported by The Block, Grayscale has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its closed-end AAVE Trust into an ETF, which it intends to list on the NYSE Arca.
The ETF will charge a 2.5% NAV sponsorship fee (paid in AAVE) and will be custodied and prime brokered by Coinbase.
