Grayscale plans to convert its AAVE Trust into a spot ETF
BlockBeats News, February 14, according to The Block, Grayscale has submitted an application to the US Securities and Exchange Commission (SEC), planning to convert its closed-end AAVE Trust into an ETF, which is intended to be listed on NYSE Arca. This ETF will charge a 2.5% NAV sponsor fee (payable in AAVE), and a certain exchange will serve as the custodian and primary broker.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS: The US dollar faces asymmetric structural downside risks
Trending news
MoreAnxiety over the threat of artificial intelligence is rising, and a sudden loss of confidence in private credit bets has led to another sharp decline in the stock prices of banks and asset management companies.
A certain exchange recently issued an announcement stating that users on its platform may experience degraded service performance when using the Lend, Borrow, and Dex (decentralized exchange) functions.
Crypto prices
More
