Bitwise launches Avalanche ETP BAVA with staking and 0.34% fee
- —BAVA trades on NYSE Arca since April 15 with a 0.34% fee
- —Target staking ratio is 70% of fund assets
- —Gross staking yield is 5.24%, net yield 3.23%
- —The product is not registered under the 1940 Act and lacks ETF protections
Why it matters: Institutional investors gain AVAX exposure through a standard brokerage account without handling staking themselves.
Source: TokenPost