- Bitwise launched the Avalanche ETF BAVA on the NYSE, offering listed AVAX exposure with staking.
- BAVA includes AVAX staking via Bitwise Onchain Solutions, with rewards averaging 5.4%.
- AVAX ETF inflows have stayed flat since March 17 as Bitwise expanded toward 15 ETF products.
Bitwise Asset Management has launched an Avalanche ETF in the United States, expanding its crypto fund lineup with a product tied to AVAX. The fund now trades on the New York Stock Exchange under the ticker BAVA.
According to the company’s release, the ETF is designed to track the price of Avalanche. It gives investors listed exposure to AVAX through a traditional market vehicle.
Bitwise Adds Staking Yield to Avalanche ETF
The fund also includes staking as part of its structure. That means a portion of its AVAX holdings would be used to support blockchain operations and generate rewards.
Bitwise said the staking process would be handled by Bitwise Onchain Solutions, its internal staking division. The company expects average staking rewards of about 5.4%, though returns may vary with network conditions.
The asset manager said it would keep enough liquidity inside the fund to support smooth trading. This allows the ETF to operate normally while part of the portfolio remains staked.
BAVA carries a sponsor fee of 0.34%. Bitwise said that the fee would be waived for the first month on the first $500 million in assets under management.
Matt Hougan, chief investment officer at Bitwise, said Avalanche is becoming a key platform for businesses, governments, and real-world blockchain use. He said the network offers scale, security, and flexibility for builders that want more control over application design.
Avalanche allows developers and institutions to build custom blockchain systems connected to the wider network. Those systems could set their own rules for governance and access while still using the Avalanche infrastructure.
The network is known for fast transaction speeds and low fees. Its market value was placed at about $4.1 billion in the material provided by the company.
AVAX ETF Flows Stay Flat as Bitwise Expands Filings
However, AVAX-linked ETF demand has remained weak in recent weeks. Spot Avalanche ETFs have recorded zero net inflows since March 17, while total net assets have stayed around $17.19 million.
Earlier in the quarter, flows were uneven but visible. The strongest session came in mid-February, when inflows rose above $4 million in a single day.
Source: SoSo Value
Smaller bursts followed later in February. That activity has since faded, and inflows have remained flat since mid-March.
As of press time, AVAX is trading near $9.47. The token recovered from its early April dip near the $8.50 to $8.70 range, but price action remained stuck within a broader range.
The wider structure has not yet produced a breakout above the recent high zone near $10.50. That leaves the asset in consolidation as the new Bitwise product enters the market.
Bitwise has also stayed active with new filings. In January 2026, the firm submitted several applications to the U.S. Securities and Exchange Commission for additional crypto ETFs.
Those filings included products linked to Aave, Uniswap, Tron, Bittensor, NEAR, Sui, Zcash, Ethena, Hyperliquid, Starknet, and Canton. The company also filed for what it described as the first Uniswap ETF.
With nearly 15 ETF products across its lineup and pipeline, Bitwise continues to widen its position in the digital asset fund market.
Related: Bitwise to Include XRP in DeFi Vault Program Amid Upcoming Regulatory Clarity
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