Avalanche ETFs Race: Bitwise and VanEck Spark AVAX Surge with Staking

Bitwise and VanEck filed for Avalanche ETFs with staking rewards, competitive fees, and major custodians. The news sparked a 7% surge in AVAX price, reflecting strong market interest in these crypto investment products.

Bitwise and VanEck have both filed S-1 amendments with the SEC for spot Avalanche (AVAX) ETFs, aiming to provide investors with direct exposure to AVAX price movements and staking rewards. Bitwise’s ETF, to be listed on NYSE Arca under the ticker BAVA, features a 0.34% management fee, waived for the first month or until $500 million in assets are reached, and plans to stake up to 70% of its AVAX holdings, passing most staking rewards to shareholders. Coinbase Custody will serve as custodian, and the ETF will use the CME CF Avalanche-Dollar Reference Rate for NAV calculation. VanEck’s ETF, set for Nasdaq under the ticker VAVX, will also include staking rewards, with Anchorage Digital Bank as primary custodian, but has not disclosed its fee structure. Both filings triggered a strong market reaction, with AVAX price surging over 7% following the announcements. The filings highlight growing competition and innovation in the crypto ETF space, with enhanced features like staking and competitive fees designed to attract institutional and retail investors.