#Bitwise Files First #Staking-Enabled $AVAX ETF


Bitwise has submitted updated documentation to securities regulators for an $AVAX fund that would mark the first U.S. exchange-traded product offering staking yields. The revised filing sets the BAVA ticker and positions the fund as the lowest-cost option in a growing competitive field.


Annual management fees land at 0.34%, undercutting VanEck's 0.40% charge and Grayscale's 0.50% rate. The fund plans to allocate as much as 70% of holdings to Avalanche's proof-of-stake validation system to generate additional tokens for shareholders.


Bitwise would retain 12% of staking proceeds to cover operational expenses, distributing the remainder to investors. Competing products currently lack yield-generation capabilities, limiting their fee structures to management charges alone.


New investors receive complete fee waivers for 30 days on the first $500 million in assets. The promotion targets traditional market participants seeking both price exposure and passive income from #cryptocurrency holdings.

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November 28, 2025 at 9:49 AM
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