Grayscale applies to convert AAVE trust into an ETF, plans to list on NYSE Arca.

Techub News, according to The Block, Grayscale has submitted an application to the U.S. Securities and Exchange Commission (SEC) to convert its AAVE trust fund into a spot ETF and list it on NYSE Arca. The proposed Grayscale AAVE ETF will charge a 2.5% management fee, payable in AAVE, with Coinbase serving as the custodian and prime broker.