Bitwise has just launched a new ETF for Avalanche, and it’s quite interesting. Under the ticker BAVA on the NYSE, this fund is not only providing price exposure but also generating income through staking. With an average staking yield of 5.4%, it’s designed for investors who want to hold on Avalanche but also seek some returns.

The fund’s structure is straightforward — at least 80% of the assets will go directly into AVAX. The remaining portion is for other exposures. The key point here is that Bitwise will stake AVAX through its in-house division, Bitwise On-Chain Solutions. The rewards from this staking operation will be added to the fund’s total returns. A management fee of 0.34% is charged for handling liquidity. In the first month, investors will pay zero fees, applicable up to a fund size of $500 million.

This launch is driven by the growing trend of institutional activity on Avalanche. FIFA has chosen Avalanche for digital collectibles related to the 2026 World Cup. Wyoming’s Frontier Stablecoin project is also running on this network. New Jersey has used it in a pilot for commercial authentication. Major companies like Toyota are exploring Avalanche for mobility and supply chain solutions. Financial giants such as KKR and BlackRock are also looking at tokenization on the network.

Bitwise’s CIO Matt Haughey said that this ETF brings blockchain access to real-world financial systems. Its structure scales the network while maintaining flexibility. Anthony Scaramucci noted that Avalanche supports secure and efficient fund tokenization, which is also evident in SkyBridge’s blockchain-based operations.

By April 2025, Bitwise had approximately $11 billion in client assets. Now, this new staking-focused ETF is a significant addition to their portfolio. For those interested in Avalanche, it offers an alternative — instead of trading directly on platforms like Gate, investors can get institutional-grade exposure.