Bitwise Asset Management has launched a spot Avalanche exchange-traded fund (ETF) that includes staking rewards. The ETF, trading under the ticker BAVA on the NYSE, provides exposure to Avalanche (AVAX) tokens with an integrated annualized staking yield estimated at 5.4%. The fund carries a 0.34% management fee and includes initial fee waivers to attract investors, reflecting a broader institutional effort to bridge traditional finance and decentralized finance mechanisms.
Bitwise Asset Management has launched a spot Avalanche exchange-traded fund (ETF) now available for trading. The ETF provides investors exposure to Avalanche (AVAX) tokens through a traditional financial instrument.
The new fund will trade on the NYSE using the ticker code BAVA. It is designed to offer easy access to the Avalanche blockchain network without direct exposure to cryptocurrency exchanges.
A key feature is its integrated staking capability, which aims to generate an annualized reward yield of 5.4%. “Bitwise Launches Avalanche ETF with Staking Yield,” as mentioned in an announcement summarizing the launch.
The fund carries a management expense ratio of 0.34%, a competitive rate for crypto ETFs. Bitwise is offering fee waivers for the first $500 million invested and during the launch phase to attract institutional liquidity.
This product represents a growing trend of incorporating blockchain-native mechanisms like staking into regulated investment vehicles. It aims to bridge traditional finance and DeFi by offering yield generation within an ETF structure.
The launch could influence institutional interest in the Avalanche ecosystem and increase demand for its token. It also signals a market shift toward crypto investment products that offer both price exposure and built-in income generation.
