Bitwise Advances Spot Avalanche ETF With Updated SEC Filing, 0.34% Fee Structure

Bitwise submitted an updated S-1 registration to the SEC this week, detailing the structure for its spot Avalanche ETF. The fund will trade under ticker BAVA on NYSE Arca with a 0.34% management fee, fully waived for the first month or until assets reach $500 million. The ETF will participate in staking rewards and use Coinbase Custody for token storage.