Apr 27
Bitwise Avalanche ETF BAVA Hits NYSE: Staking Yields Open Door to Institutional Avalanche Boom| KuCoin
➤ Bitwise has launched its spot Avalanche ETF (BAVA) on the NYSE, allowing investors to gain exposure to AVAX and earn staking rewards through the fund. ➤ The ETF stakes approximately 70% of its AVAX holdings, offering a 5.4% yield managed internally by Bitwise Onchain Solutions, with a 30% liquidity reserve. ➤ The launch highlights Avalanche's growing adoption for real-world applications, including enterprise subnets, government projects, and tokenization initiatives by major financial players.
