Bitwise Files for Avalanche AVAX ETF: Key Details Unveiled

Bitwise Asset Management has filed a new amendment to their SEC registration statement, seeking approval for a spot Avalanche AVAX exchange-traded fund (ETF). This proposed ETF, which will trade under the ticker symbol BAVA, incorporates staking to potentially enhance returns. The fund’s structure is designed as a grantor trust managed by Bitwise, providing investors with direct ownership of underlying AVAX tokens. The ETF seeks to track the price of AVAX, the native token for the Avalanche blockchain, and will use staking to generate additional returns.