Bitwise Unveils Avalanche ETF with Management Fee and Ticker Details

Bitwise has updated its filing for a spot Avalanche ETF, announcing that the fund will trade under the ticker symbol BAVA on NYSE Arca, pending regulatory approval. The management fee has been set at 0.34%, and investors will not incur charges for the first month or until the fund reaches $500 million in assets. This approach mirrors the strategy used for Bitwise’s previous altcoin ETFs, aimed at minimizing costs for early investors.

Key Features of the Avalanche ETF

The updated filing, submitted on November 27, 2025, includes critical details about the ETF’s operational framework. The Avalanche ETF is designed to provide investors with direct exposure to the price of AVAX, utilizing the CME CF Avalanche-Dollar Reference Rate as a trusted benchmark.

In terms of custody and operations, Bitwise has partnered with Coinbase Custody Trust Company for the secure storage of Avalanche tokens. Additionally, BNY Mellon will manage cash operations associated with the fund. To initiate the ETF, Bitwise Investment Manager will supply the first 100,000 shares, valued at $2.5 million, at a price of $25 per share. This reflects Bitwise’s strong confidence in the product and follows a similar structure used for its recently launched XRP and Dogecoin ETFs.

Market Reaction to ETF News

Following the announcement, the price of AVAX surged nearly 7%, trading close to $15 with a market capitalization of approximately $6.41 billion. Despite this gain, AVAX remains below the critical 50-day moving average of $18. Traders have indicated that reclaiming this level is essential for a stronger bullish momentum. If the price exceeds this threshold, potential upside targets are set at $22 and $28. Conversely, maintaining support above $14 is crucial; failure to do so could lead to a decline towards $12 as market momentum weakens.

In summary, Bitwise’s strategic update and the accompanying market reaction underscore the growing interest in cryptocurrency investment vehicles, particularly as institutional interest continues to grow.