Bitwise Files for Avalanche AVAX ETF: Key Details Unveiled

Bitwise Asset Management has submitted a revised registration statement to the U.S. Securities and Exchange Commission, proposing an exchange-traded fund (ETF) tracking the price of Avalanche’s native token, AVAX. The proposed ETF, designated BAVA, will offer investors exposure to AVAX while also capturing potential returns from staking. This development could significantly impact the U.S. crypto ETF market.