This is what you call an "Institutional Version AVAX"; the compliant narrative is becoming clearer.

AVAX1.81%
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CryptoRevolutionMaster
Around $70M are held in AVAX spot ETFs/ETPs.

Bitwise just launched its AVAX Staking ETF (BAVA) last Wednesday, and it has already amassed over $19M in AUM, making it the largest AVAX ETF.

$AVAX
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