Bitwise Unveils Avalanche ETF: Ticker BAVA and Fees Confirmed

Bitwise Asset Management has confirmed significant details regarding its upcoming spot Avalanche ETF, including the ticker symbol and management fees. In a filing submitted to the U.S. Securities and Exchange Commission (SEC) on November 27, 2025, Bitwise announced that the ETF will trade under the symbol BAVA and will feature a management fee of 0.34%. The fund is designed to provide investors with direct exposure to the price of AVAX, the native token of the Avalanche network.

The filing reveals that Bitwise will initially provide 100,000 shares, valued at $2.5 million, with each share priced at $25. Investors will not incur management fees during the first month of investment or until the fund reaches $500 million in assets. This approach mirrors the strategy Bitwise employed for its previous altcoin ETFs, aimed at attracting early investors by minimizing costs.

Key Partnerships and Operations

To enhance the security and reliability of the ETF, Bitwise has partnered with Coinbase Custody Trust Company for the secure storage of Avalanche tokens. Additionally, BNY Mellon will manage cash operations related to the fund. These partnerships are essential for ensuring the integrity and operational efficiency of the ETF once it receives regulatory approval.

The Avalanche ETF is expected to track the performance of AVAX using the CME CF Avalanche-Dollar Reference Rate, a trusted benchmark in the cryptocurrency market. This structure aims to foster investor confidence and provide a reliable investment vehicle in the evolving landscape of digital assets.

Market Reaction and AVAX Price Movement

Following the announcement, the price of AVAX surged nearly 7%, reaching approximately $15. The token now holds a market capitalization of about $6.41 billion. However, traders indicate that for a strong bullish momentum to develop, AVAX needs to reclaim the $18 level, which serves as a critical resistance point.

If AVAX surpasses this threshold, potential upside targets include $22 and $28. Conversely, maintaining above the $14 support level is crucial; failure to do so could lead to a decline towards $12, as market momentum wanes.

Bitwise’s filing marks a significant step in the growing acceptance of cryptocurrency ETFs and highlights the company’s commitment to providing innovative investment solutions amidst a rapidly changing financial environment.