RT Tu Nguyen ∀ 🕹🪐🔺 (@houyaoi)$AVAX ETFs are here:🔺 $VAVX – @vaneck_us (@Nasdaq)🔺 $GAVA – @Grayscale (@Nasdaq)🔺 $BAVA – @Bitwise (@NYSE)Tradfi can now buy AVAX in one clickBullish🤌 ...

Bitwise Launches $AVAX ETF on the New York Stock ExchangeBitwise (@Bitwise) has officially launched its spot $AVAX ETF under the ticker $BAVA on the New York Stock Exchange (@NYSE).The new fund provides institutional and retail investors with regulated exposure to the Avalanche ecosystem through traditional brokerage accounts.This listing marks the first spot for an Avalanche (@avax) Exchange-Traded Product to debut on a major American exchange.It represents a significant expansion of the crypto ETF landsca ...

Core Insights - Bitwise has updated its spot Avalanche ETF filing with the SEC, moving closer to market launch and aiming to be the first U.S. ETF to enable yield generation [1] - The ETF ticker has been changed to BAVA, featuring one of the lowest sponsor fees in the Avalanche ETF space at 0.34% [1][2] - The updated filing allows the trust to stake up to 70% of its AVAX holdings to earn additional tokens on Avalanche's proof-of-stake network [2] Fee Structure and Yield Generation - Bitwise's ETF will take a 12% cut of the yield generated from staking, while the remaining yield will be distributed to shareholders [2] - The first month will feature a full fee waiver on the initial $500 million of assets, positioning BAVA as a low-cost option for traditional investors seeking Avalanche exposure and staking income [3] Regulatory and Operational Updates - The filing introduces a liquidity reserve, tighter custody rules with Coinbase, and updated risk disclosures addressing various threats [4] - If approved, BAVA will trade on NYSE Arca, while competitors VanEck and Grayscale plan to list their Avalanche ETFs on NASDAQ, all targeting approval in Q1 2026 [4]