Bitwise Asset Management has officially launched the Bitwise Avalanche ETF, trading under the ticker BAVA on NYSE Arca.
The fund gives traditional investors regulated exposure to AVAX, the native token of the Avalanche blockchain, and will stake a portion of its holdings to generate additional yield for shareholders. In a post on X, Bitwise said the product features in-house staking designed to maximize Avalanche's current staking rewards of roughly 5.4%, emphasizing transparency and professional management as key differentiators.
BAVA carries a 0.34% annual management fee, the lowest among competing Avalanche ETFs. Bitwise is waiving fees for one month or until the fund reaches $500 million in assets, whichever comes first. The fund plans to stake up to 70% of its AVAX holdings, with Bitwise retaining 12% of staking rewards to cover operational expenses and passing the remainder to shareholders.
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