Bitwise Spot Avalanche ETF BAVA Begins Trading
According to Bitwise and early market data, the spot Avalanche ETF BAVA has launched, directly holds AVAX, and posted $400,000 in trading volume within its first 90 minutes.
The strongest evidence is the primary PR Newswire release, Bitwise Launches Spot Avalanche ETP (BAVA); Includes In-House Staking To Maximize Staking Rewards and Oversight, which states that on April 15, 2026 Bitwise announced the launch of the Bitwise Avalanche ETF (NYSE: BAVA). That source directly supports the key details in the claim: the product provides spot AVAX exposure, Bitwise intends to stake about 70% of the fund's AVAX holdings, and it references average Avalanche staking rewards of 5.4%. PANews and the Stock Titan repost corroborate the same figures and launch date. The only minor caveat is wording: the source describes the product as an ETF/ETP and says trading starts April 15, rather than merely 'to list' in the future. But substantively, the statement is supported.
According to the newly released information, Bitwise has launched the spot Avalanche ETF under the ticker BAVA. The fund directly holds AVAX and stakes the assets for an average yield of about 5.4%. On April 16, the ETF recorded $400,000 in trading volume during its first 90 minutes of trading. Bloomberg ETF analyst James Seyffart described the debut as "quite good." This official launch updates the earlier status from a planned listing to active trading.
- ETF: An exchange-traded fund, a listed investment vehicle that gives investors market exposure to an asset without directly buying and storing it themselves.
- AVAX: The native token of the Avalanche blockchain, used for network fees, staking, and participation in the ecosystem.
- Staking: The process of committing crypto assets to help support a blockchain network in exchange for rewards.