Bitwise Files for Avalanche AVAX ETF: Detailed Look at Proposed Product

Bitwise Asset Management has submitted an amended registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot-based Avalanche AVAX exchange-traded fund (ETF). This proposal incorporates staking, a feature that sets it apart from competitors. The ETF, with ticker symbol BAVA, seeks to provide investors exposure to the price of AVAX, the native token of the Avalanche blockchain, while also potentially generating additional returns through staking.