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)