Bitwise Introduces AVAX ETF with Staking Yield, 2026/04/16 09:58:37

The investment firm Bitwise Asset Management has launched the Bitwise Avalanche ETF in the United States, which tracks the cryptocurrency of the Avalanche blockchain project. The fund is listed on the New York Stock Exchange (NYSE) under the ticker BAVA.

Bitwise, which manages assets totaling approximately $11 billion, will provide investors with access to AVAX without the need to purchase the cryptocurrency directly. The management fee for the fund will be 0.34%. For the first month, this fee will be waived for the initial $500 million raised.

To generate additional income, the fund also offers staking options, which will be conducted through Bitwise Onchain Solutions. The company anticipates an average staking yield of around 5.4%, although this may fluctuate based on network conditions. Bitwise commits to maintaining the fund’s liquidity, allowing investors to buy and sell shares freely.

Bitwise’s Chief Investment Officer Matt Hougan highlighted that Avalanche is a high-performance network that enables developers to create interoperable blockchains and execute nearly instantaneous transactions with low fees.

The company also cautioned about potential risks: the fund is not registered under the Investment Company Act of 1940, which may indicate a higher level of investment risk.

Previously, Bitwise submitted several applications to the U.S. Securities and Exchange Commission (SEC) for the launch of ETFs linked to cryptocurrencies such as Aave, Uniswap, Tron, Bittensor, NEAR, Sui, Zcash, Ethena, Hyperliquid, Starknet, and Canton. Recently, Bitwise filed an updated application with the regulator for an exchange-traded fund linked to HYPE.