Bitwise Avalanche ETF (BAVA)

Profile

Bitwise Avalanche ETF is a spot exchange-traded product that provides investors with direct exposure to Avalanche (AVAX), a high-performance blockchain platform designed for enterprises and developers to build custom, interoperable blockchains with near-instant settlement and low fees. Launched by Bitwise Asset Management, headquartered in San Francisco, the fund holds AVAX tokens and stakes approximately 70% of its holdings through Bitwise Onchain Solutions, its in-house staking division, to participate in Avalanche's proof-of-stake validation and earn rewards in additional AVAX tokens, while maintaining a 30% liquidity reserve evaluated monthly to support redemptions. This structure aims to balance yield generation with liquidity preservation. Avalanche powers real-world applications, including institutional tokenization projects from firms like KKR and BlackRock, stablecoins such as Japan's JPYC and Korea's KRW1, and initiatives like Toyota's enterprise blockchains for mobility and supply chains. The Bitwise Avalanche ETF serves investors seeking regulated access to this established blockchain network, which supports decentralized applications, government initiatives, and enterprise infrastructure in the evolving digital asset ecosystem.