Grayscale seeks SEC approval to convert $AAVE trust into ETF

#Grayscale has filed with the U.S. Securities and Exchange Commission #SEC to convert its #AAVE token trust into an exchange-traded fund planned for listing on NYSE Arca.

The proposed #ETF would charge a 2.5% sponsor fee on net asset value, payable in AAVE, and name #Coinbase as custodian and prime broker.