Grayscale Seeks to Transform AAVE Trust into ETF for NYSE Arca Listing

Grayscale plans to convert its closed-end AAVE trust into an ETF, aiming for a listing on NYSE Arca, enhancing investor access to cryptocurrency.

Renowned cryptocurrency asset management firm Grayscale is making moves to transition its AAVE trust, which is currently closed-end, into an exchange-traded fund (ETF). This strategic decision aims to facilitate a listing on NYSE Arca, broadening opportunities for investors to engage with the digital asset.