New LaunchMay 8, 2026, 01:52 PM
Bitwise Avalanche ETF (BAVA) Shares Listed on NYSE Arca
AI Summary
The Bitwise Avalanche ETF (BAVA) announced its shares were listed on NYSE Arca on April 15, 2026, following its registration statement becoming effective on April 10, 2026. The Trust, which aims to provide exposure to Avalanche and derive additional Avalanche through staking, commenced operations on April 14, 2026. The Sponsor has waived the 0.34% annual management fee on the first $500 million of Trust assets for one month from the listing date.
Key Highlights
- Bitwise Avalanche ETF (BAVA) shares listed on NYSE Arca on April 15, 2026.
- Trust's registration statement became effective on April 10, 2026.
- Operations commenced on April 14, 2026.
- Sponsor waived 0.34% annual fee on first $500M assets for one month from listing.
- Initial 100,000 shares (Seed Baskets) purchased for $2.5M on April 14, 2026.
- Net assets were $200 with 8 shares outstanding as of March 31, 2026.
- NAV per Share was $25.00 as of March 31, 2026.