Bitwise Launches Spot Avalanche ETF BAVA on NYSE With 5.4% Staking Yield

Bitwise Asset Management has launched a spot Avalanche exchange-traded fund (ETF) under the ticker BAVA, scheduled to begin trading on the New York Stock Exchange on April 15. The fund is designed to provide investors with direct exposure to Avalanche (AVAX), a blockchain platform widely used for enterprise and government-focused applications.

The ETF will stake its AVAX holdings through Bitwise’s internal division, Bitwise Onchain Solutions, allowing the fund to generate approximately 5.4% annual staking rewards while maintaining sufficient liquidity for investor access.

Fee Structure and Incentives for Early Investors

The Bitwise Avalanche ETF (BAVA) carries a 0.34% annual management fee, with a promotional incentive offering 0% fees on the first $500 million in assets during the fund’s initial month. This pricing strategy aims to attract early institutional and retail inflows as demand for regulated crypto investment vehicles continues to grow.

As of April 1, 2025, Bitwise reported that they are managing $11 billion in client assets, positioning the firm among the largest dedicated crypto asset managers globally.

With a market capitalization near $4.1 billion, Avalanche supports a growing ecosystem of enterprise-grade applications, reinforcing its role in expanding blockchain adoption across financial services and public-sector initiatives.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.