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TechFlow News: On February 14, according to 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 exchange-traded fund (ETF), intended for listing on NYSE Arca. The ETF will charge a 2.5% net asset value (NAV) sponsor fee and will be custodied and served as the primary broker by Coinbase.
According to 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 exchange-traded fund (ETF), which is proposed to list on NYSE Arca. The ETF will charge a 2.5% net asset value (NAV) sponsor fee and will be custodied and served as the primary broker by Coinbase.
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