Grayscale has submitted an application to the SEC to convert the AAVE trust into an ETF and list it on NYSE Arca.

According to reports, Grayscale has filed an application with the U.S. Securities and Exchange Commission (SEC) to convert its AAVE trust fund into an ETF and list it on NYSE Arca. This proposed Grayscale AAVE ETF will charge a management fee of 2.5% based on net asset value, and all fees will be paid in AAVE, with Coinbase acting as the custodian and primary broker.