<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/03/03115730/News-Bitwise-Acquires-Chorus-One-to-Boost-Staking-Capabilities-375x212.webp 375w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/03/03115730/News-Bitwise-Acquires-Chorus-One-to-Boost-Staking-Capabilities-662x374.webp 662w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2026/03/03115730/News-Bitwise-Acquires-Chorus-One-to-Boost-Staking-Capabilities.webp 686w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2026/03/03115730/News-Bitwise-Acquires-Chorus-One-to-Boost-Staking-Capabilities-662x374.webp" alt="" class="wp-image-9439"/></figure>


Bitwise Asset Management just launched a <a href="https://www.prnewswire.com/news-releases/bitwise-launches-spot-avalanche-etp-bava-includes-in-house-staking-to-maximize-staking-rewards-and-oversight-302742668.html" target="_blank" rel="noopener">spot Avalanche ETP</a> on the NYSE. The ticker: BAVA.
It&#x27;s direct exposure to AVAX. No middleman.
Here&#x27;s the hook: Bitwise stakes roughly 70% of holdings. That generates about 5.4% in annual rewards. Investors get the yield without touching custody or validators themselves.
The product charges a 0.34% sponsor fee. First month? Zero fees on the first $500 million in assets.
Bitwise handles staking through its in-house unit, Bitwise Onchain Solutions. They use the tokens for network validation. About 30% stays liquid. That covers redemptions and daily operations.
Avalanche bills itself as high-throughput, low-latency blockchain. It&#x27;s built for tokenization and enterprise applications. Current partnerships include FIFA, Wyoming stablecoin pilots, Toyota, and BlackRock. The blockchain&#x27;s focus on speed has pulled in traditional finance players exploring blockchain infrastructure.
BAVA&#x27;s launch follows Nasdaq&#x27;s filing to list the VanEck Avalanche Trust. Translation: growing institutional appetite for AVAX investment vehicles. These products target traditional investors who want crypto exposure through familiar exchange-traded structures. Not direct token purchases.
Institutional accumulation extends beyond Avalanche. Bitcoin ETFs now hold approximately 1.29 million BTC. Public companies hold around 1.17 million BTC. Together? Roughly 12% of circulating supply. BlackRock&#x27;s iShares Bitcoin Trust leads among ETF products. MicroStrategy holds approximately 780,897 BTC. That&#x27;s serious corporate balance-sheet exposure.
Bitwise&#x27;s yield-generating structure sets BAVA apart from most single-asset crypto ETPs. It&#x27;s targeting investors who want growth and income. The NYSE listing, alongside recent offerings from Morgan Stanley and Goldman Sachs, reflects crypto&#x27;s deepening integration into mainstream capital markets. Institutional products are proliferating across major exchanges.

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Bitwise Launches Spot Avalanche ETP on NYSE

Bitwise's new spot Avalanche ETP (BAVA) on NYSE offers direct AVAX exposure with 5.4% annual staking rewards. First $500M gets zero fees for one month.