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Bitwise\u2019s new BAVA product will list on the NYSE in 2026, wrapping spot AVAX exposure and an estimated 5.4% staking yield into a single, liquid ETP for traditional investors.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Bitwise Asset Management plans to list a new spot Avalanche ETP on the New York Stock Exchange in 2026, offering investors direct exposure to AVAX plus embedded staking yield under the ticker BAVA. The launch extends a playbook already used on bitcoin and ether to another layer\u20111 network, giving traditional funds a way to hold Avalanche through a regulated wrapper while letting Bitwise handle the technical complexity of staking on\u2011chain.<\/p>\n According to Bitwise\u2019s announcement, BAVA will hold AVAX directly and participate in the network\u2019s staking via Bitwise Onchain Solutions, targeting an average staking yield of roughly 5.4% while keeping a portion of assets liquid so that ETP shares can trade normally on the NYSE. PANews reports the fund expects to allocate around 70% of its AVAX holdings to staking and 30% to liquidity reserves, distributing net staking rewards to investors on a regular basis.<\/p>\n Bitwise framed Avalanche<\/a> as a high\u2011performance base layer with \u201creal\u2011world use cases and government initiatives,\u201d arguing that the network\u2019s architecture makes it a natural fit for enterprise\u2011grade applications. \u201cAvalanche is emerging as one of the leading platforms for businesses, governments, and real\u2011world use cases,\u201d Bitwise CIO Matt Hougan said, adding that BAVA offers exposure to \u201can asset that we believe is powering the next wave of blockchain adoption across global finance and enterprise.\u201d<\/p>\n Avalanche currently offers average staking rewards in the mid\u2011single digits, with external data from Coinbase and Staking Rewards showing realized rates around 4.5% to 7% in recent periods, depending on validator settings and network conditions. Bitwise\u2019s 5.4% target sits within that range and effectively wraps AVAX\u2019s \u201calt\u2011beta with carry\u201d profile into a single security that can slot into brokerage and ETF platforms without requiring direct custody of tokens.<\/p>\n <\/p>\n BAVA will enter a growing field of institutional Avalanche products. Bitwise<\/a> already operates a separate Avalanche staking ETP in Europe under the ticker AVNB, while rival managers such as VanEck and Grayscale have launched trust\u2011style AVAX vehicles that hold the token directly and in some cases pass through staking returns. As with those products, Bitwise warns that BAVA concentrates risk in a single volatile asset, with the prospectus highlighting price, liquidity, regulatory and staking\u2011specific risks that could lead to \u201csubstantial losses or even total loss\u201d for investors.<\/p>\n\n\n