Grayscale Investments has reportedly submitted an S-1 utility to the Securities and Change Fee for an AAVE spot exchange-traded fund, in response to regulatory filings.
Abstract
- The biggest digital asset supervisor has beforehand filed functions for numerous digital asset funding merchandise.
- AAVE, a decentralized finance protocol, has lately drawn consideration following a governance vote on decentralizing its operational construction.
The submitting comes as AAVE, a decentralized finance protocol, has drawn consideration following a governance vote on decentralizing its operational construction. The proposal acquired help from the AAVE neighborhood, in response to stories.
Grayscale, the most important digital asset supervisor, has not launched further particulars relating to the timing or construction of the proposed ETF.
The corporate manages billions of {dollars} in cryptocurrency property and has beforehand filed functions for numerous digital asset funding merchandise, together with spot Bitcoin and Ethereum ETFs that acquired SEC approval in recent times.
AAVE is a lending protocol that enables customers to borrow and lend cryptocurrencies with out intermediaries. The token serves because the governance mechanism for the protocol’s decentralized autonomous group.
