Bitwise Asset Management launched its spot Avalanche exchange-traded fund on the New York Stock Exchange on April 15, 2026. The fund trades under the ticker BAVA and gives investors direct exposure to the AVAX token.
The ETF is structured to stake roughly 70% of its AVAX holdings through Bitwise Onchain Solutions, the firm’s in-house staking unit. The remaining 30% is kept as a liquidity reserve for redemptions and operational needs.
Staking rewards are currently estimated at 5.4% annually. These rewards are paid in additional AVAX tokens and distributed to shareholders periodically as net investment income.
Bitwise Launches Avalanche ETF with Staking Yield
Bitwise Asset Management announced the launch of a spot Avalanche ETF (BAVA), set to begin trading on the NYSE on April 15, providing investors with exposure to Avalanche (AVAX); the fund will stake its AVAX holdings through an… pic.twitter.com/GBe2STURFv
— Wu Blockchain (@WuBlockchain) April 15, 2026
The fund carries a sponsor fee of 0.34%. For the first month, that fee is waived to 0% on the first $500 million in assets, a move aimed at attracting early institutional capital.
BAVA closed its first day of trading up about 1.5%, at $25.50 per share. AVAX itself was trading at $9.52, up 1.8% on the day, according to CoinMarketCap.
Matt Hougan, CIO of Bitwise, said: “With BAVA, investors can gain exposure to an asset that we believe is powering the next wave of blockchain adoption across global finance and enterprise.”
AVAX has been trading near $9 for much of 2026, and the $10 level has acted as resistance multiple times since January. Analysts note a descending triangle pattern on the daily chart, with $8 as key support and $6.80 as the next demand zone below that.
$AVAX is repeating the same distribution pattern again.
Sideways range → bull trap → breakdown. The next leg down has already started.
Are you actually prepared for the bear market? pic.twitter.com/AoUoMl7zEt
— Crypto Lens (@crypto_lens_) April 12, 2026
A move above $10, supported by broader market strength, could open the path toward $15, though current market conditions remain cautious.
Other AVAX-linked products, including VanEck’s AVAX fund and Grayscale’s Avalanche Trust, have seen no net inflows since March 17, 2026.
Bitwise is not alone in targeting AVAX exposure. Nasdaq filed with the SEC last week to list shares of the VanEck Avalanche Trust, a proposed ETF structured under commodity-based trust share rules.
Avalanche itself is used in tokenization projects tied to FIFA, Wyoming’s state-level stablecoin efforts, Toyota, and BlackRock.
Bitcoin and Ethereum are facing resistance near $76,000 and $2,400 respectively, with ETF outflows in recent weeks reflecting broader caution tied to macroeconomic conditions. AVAX has seen similar muted sentiment.
BAVA’s launch comes as CME Group also recently expanded its crypto futures offerings to include Avalanche and Sui contracts.
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