Grayscale Files With SEC to Convert Aave Trust Into Spot AAVE ETF on NYSE Arca

Grayscale has submitted paperwork to convert its existing Aave trust into a spot AAVE ETF (ticker: GAVE) to be listed on NYSE Arca, which would directly hold AAVE tokens, charge a 2.5% fee, and indicate continued institutional interest in U.S. altcoin products.