Just saw that Bitwise launched the Avalanche ETF (BAVA), which started trading on the NYSE this week. The most interesting part is that over 80% of the funds are allocated to AVAX, and they generate a 5.4% yield through staking, similar to the near staking approach, combining holding tokens and earning yields. The management fee is only 0.34%, and the first month is free, which seems to be aimed at attracting institutional investors.



Avalanche has indeed been making some moves recently in enterprise applications, with big players like Toyota and BlackRock exploring opportunities. However, while the 5.4% staking yield sounds good, it depends on how liquidity management will be handled moving forward. Are any of you considering getting in?
AVAX-0.39%
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