Bitwise Proposes AVAX Staking in New Avalanche ETF Proposal

Bitwise Investments has amended its proposed spot Avalanche Exchange-Traded Fund (ETF), incorporating a unique feature: allowing up to 70% of the underlying AVAX holdings to be staked. This filing, submitted to the U.S. Securities and Exchange Commission (SEC), aims to test the limits on yield mechanisms within regulated ETFs while generating passive income for investors. The update also includes revised fees, tighter custody protocols, and expanded risk controls.