Bitwise debuts BAVA ETF: AVAX exposure and staking yield

Bitwise launched the BAVA ETF on NYSE, offering AVAX exposure and staking rewards with a 0.34% fee, waived for the first month or up to $500M. The ETF debuted with $400,000 in early trading volume.

Bitwise Asset Management launched the BAVA ETF on April 15, 2026, listing it on the New York Stock Exchange. This ETF offers investors direct exposure to Avalanche (AVAX) and integrates a staking mechanism, enabling the fund to generate additional yield with an estimated average annual reward of 5.4%. Staking is managed internally by Bitwise, balancing liquidity needs while participating in network validation. The ETF tracks AVAX’s price and distributes staking rewards, providing both price exposure and passive income within a single investment vehicle. The management fee is 0.34% annually, but it is waived for the first month or until the fund reaches $500 million in assets. On its debut, the ETF saw $400,000 in trading volume within the first 90 minutes. Bitwise highlights Avalanche’s role in institutional adoption and positions the BAVA ETF as part of its broader strategy to expand regulated crypto investment products.