The exchange-traded fund (ETF) will seek to earn staking rewards on Avalanche tokens while maintaining liquidity and distributing net investment income to shareholders.
US-based crypto asset manager Bitwise Asset Management has listed the Bitwise Avalanche ETF (BAVA) on the NYSE. The product is designed to provide exposure to Avalanche, a leading blockchain platform powering real-world use cases and government initiatives. Around 70% of the fund’s Avalanche holdings are expected to be staked Bitwise described Avalanche as a high-performance blockchain that allows institutions to develop custom interoperable networks with tailored governance and