- Bitwise files spot Avalanche ETF with ticker BAVA and 0.34% management fee, waived under $500M AUM.
- Initial launch: 100,000 shares at $25 each, totaling $2.5 million, reflecting confidence in AVAX adoption.
- AVAX price jumped nearly 7% following the ETF announcement, signaling growing retail and institutional interest.
Bitwise, a reputable crypto asset manager, has moved a step further in the emerging field of altcoin ETFs with the filing of a spot ETF for Avalanche (AVAX) with the United States’ Securities and Exchange Commission (SEC). The filing includes new information about the proposed ETF’s ticker symbol and fees.
Shortly after the update, AVAX price jumped nearly 7%. Currently, AVAX is trading at $14.95, up 7.16% over the last 24 hours, with a 24-hour trading volume of $806.68 million and a market capitalization of $6.41 billion.
Avalanche ETF Coming via Bitwise
As stated in the filing submitted on November 27, 2025, the Avalanche ETF will be listed on the NYSE Arca exchange with a ticker of BAVA, subject to approval by the SEC. Bitwise revealed a 0.34% management fee.
Although this will be waived for the first month or so long as the fund is below $500 million in assets under management, the same strategy Bitwise has employed with success in prior listings of its altcoin ETFs.
The ETF will offer a direct investment opportunity in AVAX via the CME CF Avalanche-Dollar Reference Rate, which is set up as a benchmark designed to accurately track the value of the cryptocurrency.
Bitwise will be working with Coinbase Custody Trust Company on storing the Avalanche tokens safely, with BNY Mellon being used for the cash management part of the fund. Bitwise Investment Manager will initially launch the ETF with the initial 100,000 shares priced at $25 per share, amounting to $2.5 million.
This first issuance reflects the firm’s confidence in AVAX and follows a similar pattern seen in Bitwise’s newly issued ETFs related to XRP and Dogecoin, both of which garnered interest among retail and institutional clients.
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AVAX Loses Momentum as Bears Dominate
The RSI is currently at 38.43, indicating AVAX is currently in a weak area where the buyers haven’t gained adequate strength yet. The indicator has remained below the middle level of 50 for a considerable period, ensuring a weak moment indicator is in play. Any reversal will occur when the indicator moves above 47-50 levels.
The MA ribbon is evidently set up in a bearish manner with the main lines plotted above the prices, including SMA20 with a value of 23.09, SMA50 with a value of 23.82, SMA100 with a value of 29.04, and SMA200 with a value of 27.44. As AVAX is currently seen around 14.95, the area below the ribbon reflects significant selling activity.
The launch of the Avalanche ETF is the next step forward in the increased acceptance of investment products with an ‘altcoin’ base, and will allow customers to invest in AVAX without actually holding it.
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