BAVA is the third U.S.-listed AVAX ETP and highlights in-house staking as a competitive edge.
Bitwise Asset Management has officially launched the Bitwise Avalanche ETF, trading under the ticker BAVA on NYSE Arca.
The fund gives traditional investors regulated exposure to AVAX, the native token of the Avalanche blockchain, and will stake a portion of its holdings to generate additional yield for shareholders. In a post on X, Bitwise said the product features in-house staking designed to maximize Avalanche’s current staking rewards of roughly 5.4%, emphasizing transparency and professional management as key differentiators.
BAVA carries a 0.34% annual management fee, the lowest among competing Avalanche ETFs. Bitwise is waiving fees for one month or until the fund reaches $500 million in assets, whichever comes first. The fund plans to stake up to 70% of its AVAX holdings, with Bitwise retaining 12% of staking rewards to cover operational expenses and passing the remainder to shareholders.
The launch makes BAVA the latest entrant in a rapidly expanding field of U.S.-listed AVAX products. VanEck debuted the first U.S. spot Avalanche ETF (VAVX) in January, and Grayscale followed with its own AVAX staking ETF, GAVA, in March. VanEck’s product carries a 0.40% fee, while Grayscale charges 0.50%.
AVAX is trading at $9.43 with a market capitalization of around $4 billion, per CoinGecko. The token is up 3% over the past week.
Bitwise has been on an aggressive ETF expansion spree, having previously launched products tracking XRP and Dogecoin. The firm also pioneered in-kind creation and redemption for its spot Bitcoin ETF last year. The Avalanche fund continues a broader industry trend toward staking-enabled crypto ETFs that gained momentum after BlackRock filed to add staking to its Ethereum ETF in 2025.
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