Bitwise Launches Avalanche ETP With Staking Yield on NYSE

Avalanche is a proof-of-stake layer-1 blockchain whose AVAX token powers transactions and can earn rewards when staked to secure the network. Bitwise Asset Management’s BAVA packages direct token exposure in a brokerage-traded product and adds an income component through staking. The structure broadens access for investors that may not want to hold or delegate tokens themselves, though BAVA is not registered under the Investment Company Act of 1940 and carries crypto volatility, custody and staking risks.

Bitwise Asset Management launched BAVA on NYSE Arca on April 15, 2026. The shares closed their debut about 1.5% higher at $25.50. Bitwise Onchain Solutions plans to stake roughly 70% of the vehicle’s AVAX while keeping 30% in a liquidity reserve. Avalanche’s gross average staking reward rate was 5.4% as of April 13. BAVA charges a 0.34% sponsor fee, waived for the first month on the first $500 million of assets; staking rewards are variable and not guaranteed.