Bitwise AVAX spot ETF launched trading, with a trading volume of $400,000 in the first 90 minutes

Bitwise officially launched the spot Avalanche ETF (ticker: BAVA) today. This ETF directly holds AVAX tokens and plans to stake the held AVAX, sharing an average staking yield of about 5.4% while maintaining liquidity.

The spot AVAX ETF had a trading volume of $400,000 in the first 90 minutes of trading today, which Bloomberg ETF analyst James Seyffart described as "quite good."