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BITWISE FILES $AVAX ETF WITH STAKING YIELDS
Bitwise is updating its Avalanche ETF (ticker: $BAVA ) to become the first U.S. crypto fund offering staking yields. Key points:
- Stake up to 70% of $AVAX holdings to generate rewards for investors.
- Lowest-cost fund in the space: 0.34% annual fees vs. VanEck 0.40% and Grayscale 0.50%.
- Staking rewards distributed to shareholders after a 12% operational fee.
- Competing products lack yield generation : giving BAVA a clear edge for income-focused crypto investors.
Launch target: Q1 2026 on NYSE Arca.
This is massive for Avalanche and a big step for crypto ETFs offering real yield.
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