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Bitwise Avalanche ETF debuts on NYSE with ticker BAVA
Bitwise Investments has launched its spot Avalanche ETF, now trading under the ticker BAVA on the New York Stock Exchange (NYSE), according to a Wednesday statement. The product offers investors a regulated avenue to gain exposure to AVAX, the native token of the Avalanche blockchain, which has positioned itself for enterprise and government use. The fund debuted with a 0% sponsor fee for the first month, covering up to $500 million in assets. After this initial period, the sponsor fee will rise to 0.34%. Bitwise intends to stake a portion of the fund's AVAX holdings through its Bitwise Onchain Solutions division. ... (full story)
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