BAVA
Bitwise Avalanche ETF
Get exposure to Avalanche, a high-performance blockchain designed for real-world applications, through a familiar, cost-efficient ETP structure.
As of 05/27/2026
The Bitwise Avalanche ETF (BAVA) is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. BAVA is not suitable for all investors. BAVA is subject to significant risk and heightened volatility, and an investor may lose their entire investment. An investment in BAVA is not the same as a direct investment in Avalanche (AVAX).
* Gross Staking Reward Rate is the total annual staking reward rate currently available on the Avalanche network when including inflation rewards, MEV rewards, and block rewards. The rate shown is the average of the annualized rates over the last 90 days. Staking Reward Rate does not represent performance of the Fund and is not indicative of any Fund performance. The Fund intends to distribute its net investment income, including the value of Staking Rewards (net of expenses), to shareholders on a periodic basis. Rewards are not guaranteed and are subject to change.
Built for Business
Designed for real-world use cases ranging from stablecoins to insurance to gaming, Avalanche supports large-scale applications across enterprises, institutions, and the public sector.
Made With Investors in Mind
BAVA fits into traditional portfolios and workflows, offering exposure to Avalanche through the popular ETP format.
Exposure to Crypto’s Growing Ecosystem
BAVA gives investors a new way to broaden or diversify their crypto holdings by investing in a project that could reshape corporate blockchain adoption.
Avalanche Staking Details
Data as of 05/27/2026
* Rewards are subject to change and are not guaranteed.** The Trust will stake all of the Avalanche that is not held aside in a Liquidity Reserve. As of April 15, 2026, the Liquidity Reserve is composed of 30% of the Trust’s Avalanche, meaning that the Trust seeks to stake approximately 70% of the Trust’s Avalanche. However, the amount of the Liquidity Reserve is evaluated by the Sponsor on a monthly basis and may be changed subject to the Trust’s policies and procedures.
Holdings
Data as of 05/27/2026
AVALANCHEHoldings are subject to change. Current and future holdings are subject to risk.
Net Asset Value (NAV) and Market Price
Data as of 05/27/2026
To
30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.
Performance History
Data as of Invalid Date
Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-415-707-3663.
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses.
Premium / Discount
Data as of 05/27/2026
About BAVA
Fund Details
Data as of 05/27/2026
Ticker
BAVA
Net Assets (AUM)
$22,355,362
Legal Counsel
Chapman and Cutler, LLP
Fund Type
ETP
Net Expense Ratio*
0.00%
Tax Advisor
KPMG
CUSIP
091949107
Gross Expense Ratio*
0.34%
Administrator
Bank of New York Mellon
ISIN
US0919491078
Inception Date
April 14, 2026
Marketing Agent
Foreside Fund Services, LLC
Exchange
NYSE Arca
Sponsor
Bitwise Investment Advisers, LLC
Digital Asset Custodian
Coinbase Custody Trust Co., LLC
Shares Outstanding
930,000