Bitwise Files for Avalanche AVAX ETF: Key Features and Risks

Bitwise Asset Management has submitted an amended registration statement to the U.S. Securities and Exchange Commission (SEC) for an Avalanche AVAX exchange-traded fund (ETF) that incorporates staking. The proposed ETF, with the ticker symbol BAVA, aims to offer investors exposure to the price of AVAX, the native token of the Avalanche blockchain, while also generating additional returns through staking a portion of its holdings on the network.