Bitwise Avalanche ETF Passes 88% of Staking Rewards to Shareholders
Shareholders of the Bitwise Avalanche ETF (BAVA) will receive 88% of the staking rewards generated by the fund's holdings. This comes as Bitwise Asset Management launches the fund on NYSE Arca. The fund plans to stake up to 70% of its AVAX holdings to capture current staking rewards of roughly 5.4%. Bitwise retains 12% of the operational expenses associated with staking. BAVA carries a 0.34% annual management fee, the lowest among competing Avalanche ETFs.
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