Bitwise Avalanche ETF Integrates Staking to Convert Institutional Capital Into Locked Supply

Investors now have a regulated path to Avalanche exposure that includes native yield. Bitwise launched the BAVA ETF on April 15, 2026, as the first U.S.-listed fund to integrate in-house staking infrastructure. Bitwise Onchain Solutions will stake 70% of the fund's held AVAX, removing those tokens from the liquid circulating supply. This process targets average staking rewards of 5.4%, with native yields historically ranging between 7% and 10% APY. These rewards accrue as additional AVAX tokens and feed directly into the fund's net asset value, net of a 0.34% sponsor fee. The fee is waived for the first month on the initial $500 million in assets.