Overview
- The SEC has taken Grayscale’s Aave ETF registration into review under Accession No. 0001193125-26-051643.
- The proposed fund would hold AAVE directly and seeks to list its shares on NYSE Arca.
- Grayscale’s filing names Coinbase as both custodian and prime broker for the product.
- The sponsor fee is set at 2.5% of net asset value and would be paid in AAVE tokens.
- Competition includes a prior Bitwise application, and AAVE gained about 9% on the day the filing became public.