Bitwise Launches First Staking Avalanche ETF on NYSE  

Bitwise Asset Management has officially launched its new Bitwise Avalanche Exchange-Traded Fund (ETF), named BAVA, on the New York Stock Exchange (NYSE) today. The new product provides investors with direct access to AVAX and enables staking through the company’s on-chain solutions.

The crypto index fund manager plans to set the ETF’s sponsor fee at 0.34%. However, this fee will be waived for the first month or until the assets reach $500 million. The launch represents a significant opportunity for investors seeking exposure to high-performing blockchain networks with real-world applications.

Bitwise Launches Avalanche Staking ETF

The new fund will stake about 70% of its Avalanche token holdings through Bitwise Onchain Solutions. The strategy aims to earn the average staking rewards, currently around 5.4%, for AVAX holders. The remaining 30% of the assets will be held in liquid reserves to improve risk management and operational flexibility. 

Bitwise has previously launched a similar Avalanche staking ETF in Europe, called AVNB, on the major Xetra exchange. In late 2025, the company updated its S-1 filing to emphasize that staking is a key feature of the new fund. The launch builds on Bitwise’s experience with other crypto ETFs and strengthens its position as an industry leader. 

The new product offers direct exposure to AVAX, which is the main token of the Avalanche blockchain network. Avalanche is known for its high transaction capacity and its various real-world government applications in different sectors.

Significance for Crypto Markets and Investors

The development comes as more investors show interest in spot crypto exchange-traded products, driven by the success of Bitcoin and Ethereum funds. Other notable companies, such as VanEck and Grayscale, have also launched their Avalanche products, including staking.

The new product reflects a growing trend of integrating decentralized finance (DeFi) features, such as staking, into regulated platforms on major Wall Street exchanges. By providing yield without the complexities of directly using a blockchain. Bitwise seeks to connect traditional finance with decentralized systems.

The company has set itself apart by being the first to offer in-house staking for Avalanche. As the market expands, products like this could become standard for investors interested in digital assets. This trend may pave the way for more innovative crypto offerings that provide both direct investment opportunities and passive earning options in the future.

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