Bitwise Unveils Avalanche ETF on NYSE With 5.4% Staking Yield

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Bitwise Rolls Out Avalanche ETF With Staking Rewards on NYSE

Key Highlights

  • Bitwise launched the Avalanche ETF (BAVA) in the U.S. on the NYSE to give investors exposure to Avalanche (AVAX).
  • The ETF earns extra returns through staking AVAX, with an estimated average reward of about 5.4%.
  • Bitwise is expanding its crypto ETF lineup with many new products with the SEC.

Bitwise Asset Management announced the launch of a new exchange-traded fund (ETF) called BAVA, which tracks Avalanche, on the New York Stock Exchange.

The new fund aims to connect innovative ideas with the world of cryptocurrency. Specifically, it’s built to track the value of Avalanche (AVAX).

Staking strategy and structure

This ETF generates additional earnings through staking – a process where cryptocurrency is temporarily locked up to help run the blockchain network. In exchange for supporting operations like verifying transactions, those who stake receive rewards.

Bitwise aims to maintain sufficient funds so investors can continue trading the ETF without disruption, even while some AVAX is being staked.

Bitwise Onchain Solutions, Bitwise’s staking team, manages all staking processes. Staking rewards are projected to average around 5.4%, though this can vary based on network activity. There’s a 0.34% fee for managing the fund, but it’s waived for the first month on the initial $500 million in assets.

The fund trades on the market under the symbol BAVA and has an annual fee of 0.34%. However, for the first month, and for the initial $500 million invested, this fee is not charged.

Why Avalanche?

Avalanche is a blockchain platform that lets developers and organizations create their own blockchains tailored to their specific needs. These custom blockchains can have unique rules about how they function and who can access them, all while staying connected to the larger Avalanche network. It’s designed for quick transactions with low costs, and currently has a market value of about $4.1 billion.

Bitwise notes that this ETF isn’t for every investor, as it’s quite risky and its price can fluctuate a lot.

The company also noted that this ETF isn’t registered like typical investment funds under the 1940 Investment Company Act, so it doesn’t offer the same level of investor protection. It’s important to remember that buying this ETF isn’t the same as actually owning AVAX.

According to Matt Hougan, CIO of Bitwise, Avalanche is quickly becoming a top choice for businesses, governments, and practical, everyday applications. He explains that the network lets users benefit from both strong security and the ability to grow, all while still having control and freedom in how they build their applications.

Previous ETF launches and applications

As an analyst, I’ve been tracking Bitwise’s moves closely, and they’ve been significantly growing their range of crypto ETFs lately. Just as an example, they filed several applications with the SEC for new ETFs back in January 2026, signaling their continued expansion in this space.

I’ve been keeping a close eye on the latest SEC filings, and it looks like they’re considering ETFs for a whole bunch of different crypto projects – not just Bitcoin and Ethereum. We’re talking about things like Aave, Uniswap, Tron, Bittensor, NEAR, Sui, Zcash, Ethena, Hyperliquid, Starknet, and Canton. They’ve already filed proposals for several other crypto ETFs beyond the big two, which is pretty exciting to see.

As a crypto investor, I’m really watching what’s happening with this firm – they just filed to launch what would be the very first Uniswap ETF with the SEC. It’s exciting to see innovation like that! And they’re already pretty established in the ETF space, with almost 15 different products available.

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2026-04-15 19:33