Bitwise Avalanche ETF converts 5.4% staking rewards into shareholder value

Shareholders of the Bitwise Avalanche ETF (BAVA) receive 88% of the staking rewards generated by the fund's holdings. The fund, launched by Bitwise Asset Management on the NYSE Arca, stakes up to 70% of its AVAX holdings via Bitwise Onchain Solutions to capture average rewards of 5.4%. Bitwise retains 12% of the 5.4% rewards for operational expenses. The fund carries a 0.34% annual management fee.