Bitwise proposes staking functionality in updated filing for spot Avalanche ETF

The U.S. SEC will review Bitwise’s updated prospectus for the newly named BAVA ETF, which offers the lowest sponsorship fee in the market at 0.34%. This competitive edge attracts investors looking for low-cost options.

Investors can stake 70% of their AVAX, with 12% deducted as fees. Bitwise’s strategy includes waiving fees for the first month on assets totaling 500 million USD, enhancing its position against 0.40% and 0.50% fees from competitors like VanEck and Grayscale.