Bitwise’s Bitcoin Spot AVAX ETF (BAVA) Near SEC Approval with 0.34% Fee and 70% AVAX Staking
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According to COINOTAG News and CoinDesk, Bitwise has updated its Bitcoin Spot Avalanche ETF filing with the U.S. Securities and Exchange Commission (SEC). The move could position the fund as a pioneer among U.S.-listed ETFs offering a yield-generating mechanism. The AVAX ETF symbol is now BAVA, with an expense ratio of 0.34%.
The filing highlights a fee advantage: 0.34% for the new AVAX exposure versus 0.40% for VanEck and 0.50% for Grayscale. It also states the trust may stake up to 70% of AVAX holdings on the proof-of-stake network to earn additional tokens, generating yield.
Investors should note the outcome remains contingent on SEC approval. If sanctioned, the structure could influence liquidity, cost of capital, and competition among U.S. crypto ETFs, particularly for investors seeking income-linked exposure to digital assets.