Avalanche (AVAX) Price: Jumps 7% After Bitwise Updates ETF Filing With Staking Feature

TLDR

• Bitwise updated its SEC filing for a spot Avalanche ETF with ticker BAVA and a 0.34% management fee, the lowest among competitors
• BAVA will be the first U.S. ETF to include staking, allowing up to 70% of AVAX holdings to earn rewards on the proof-of-stake network
• Bitwise will waive all fees for the first month or until the fund reaches $500 million in assets
• The ETF plans to trade on NYSE Arca if approved, with Q1 2026 targeted for launch alongside competing products from VanEck and Grayscale
• AVAX price jumped nearly 7% to around $15 following the filing update, though it remains below the key $18 resistance level

Bitwise has moved closer to launching the first U.S. Avalanche ETF that includes staking capabilities. The crypto asset manager filed an updated S-1 form with the Securities and Exchange Commission on November 27, 2025.

The filing reveals that the ETF will trade under the ticker BAVA on NYSE Arca. Bitwise set the management fee at 0.34%, which is lower than VanEck’s 0.40% and Grayscale’s 0.50% for their competing Avalanche products.

The updated filing introduces a new element to the U.S. ETF market. BAVA will allow the trust to stake up to 70% of its AVAX holdings on Avalanche’s proof-of-stake network. This makes it the first proposed U.S. ETF to fully embrace staking after recent IRS guidance cleared the path for yield-generating crypto products.

Bitwise plans to take a 12% cut of the staking rewards as expenses. The remaining yield will flow to shareholders. Competing ETFs from VanEck and Grayscale do not currently include staking features, so their costs remain limited to sponsor fees only.

Fee Structure and Launch Incentives

The company is offering a complete fee waiver for the first month on the initial $500 million of assets. This strategy matches what Bitwise used for its recent XRP and Dogecoin ETF launches.

Bitwise Investment Manager will seed the fund with 100,000 shares worth $2.5 million at $25 per share. This commitment shows confidence in the product ahead of its potential launch.

Custody and Operations

Coinbase Custody Trust Company will handle the secure storage of AVAX tokens. BNY Mellon will manage cash operations related to the fund.

The filing includes updated risk disclosures covering threats from quantum computing to recent exchange security breaches. It also introduces a liquidity reserve and tighter custody rules.

Market Impact on AVAX Price

AVAX price increased nearly 7% following the filing update. The token now trades close to $15 with a market capitalization around $6.41 billion.

The price remains below the 50-day moving average at $18. Traders view this level as important for confirming a stronger upward trend. If AVAX breaks above $18, potential targets sit at $22 and then $28.

On the downside, AVAX needs to hold above $14 support. A break below this level could push the price toward $12.

Regulatory Timeline

All three Avalanche ETF proposals from Bitwise, VanEck, and Grayscale are targeting approval in the first quarter of 2026. VanEck and Grayscale plan to list their products on NASDAQ if approved.

The updated filing uses the CME CF Avalanche-Dollar Reference Rate as the benchmark for tracking AVAX price exposure. This provides investors with a trusted reference point for the underlying asset value.

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