Bitwise's Avalanche spot trading product BAVA will be launched

Bitwise Asset Management announced that its launched Avalanche spot exchange-traded product Bitwise Avalanche ETP (BAVA) will be listed on the NYSE in 2026. This product aims to provide investors with exposure to AVAX and participate in staking through Bitwise's on-chain solutions division, aiming to maintain liquidity while achieving an average staking yield of approximately 5.4% from Avalanche to enhance overall returns.