Bitwise Asset Management has rolled out the Bitwise Avalanche ETF (NYSE:BAVA) months after filing an updated S-1 with the SEC, offering investors direct exposure to Avalanche (CRYPTO: AVAX) while tapping into staking rewards — a structure that underscores the next phase of crypto ETFs beyond Bitcoin and Ethereum.
• BAVA stock is trading in a tight range. Where are BAVA shares going?
The fund aims to combine price exposure with yield generation, as Bitwise stakes its AVAX holdings through its in-house on-chain division to capture an estimated 5.4% annual …