Bitwise Introduces Avalanche-Tracking ETF on NYSE Targeting 5.4% Staking Yield

Launch of Bitwise Avalanche ETF Bitwise launched the Bitwise Avalanche ETF on April 15, 2026.

The ETF, with ticker symbol $BAVA, began trading on the NYSE. @CoinDesk reported the launch details. The ETF offers investors exposure to $AVAX. 4%. This yield comes through Bitwise's in-house staking division.

ETF Details and Features The Bitwise Avalanche ETF tracks $AVAX, the native token of the Avalanche blockchain.

Investors gain exposure without directly holding the cryptocurrency. 4% target staking yield aims to generate returns from network participation. Bitwise's in-house staking division manages the staking process.

This setup allows the ETF to participate in Avalanche's proof-of-stake mechanism. @CoinDesk provided these specifics on the ETF's structure.

Trading and Accessibility The $BAVA ETF trades on the NYSE, providing a regulated vehicle for $AVAX exposure.

Launch occurred on the current date, enabling immediate access for investors. The product expands options in the spot cryptocurrency ETF market.

Context on Staking Yield The target staking yield of 5.

4% reflects Avalanche's network rewards. Bitwise's division handles staking to secure the network and earn yields. This feature differentiates the ETF in the competitive landscape of crypto investment products.