BlockBeats News, April 16th, Bitwise today officially launched the Spot Avalanche ETF (ticker: BAVA). This ETF directly holds AVAX tokens and plans to stake the held AVAX while maintaining liquidity, sharing approximately 5.4% of the average staking rewards.

The Spot AVAX ETF opened today with a trading volume of $400,000 in the first 90 minutes, with Bloomberg ETF analyst James Seyffart commenting that it was "quite good."