Avalanche ETF Applications Move Forward as Bitwise Adds Yield Generation

TLDR

• Bitwise updated its Avalanche ETF filing with the SEC, changing the ticker to BAVA with a 0.34% sponsor fee, the lowest among competitors
• BAVA will stake up to 70% of AVAX holdings to generate yield, becoming the first U.S. ETF to offer staking after new IRS guidance
• Bitwise takes 12% of staking rewards as expenses while the rest flows to shareholders, plus offers a full fee waiver for the first month on initial $500 million
• Securitize received EU regulatory approval to launch Europe’s first fully regulated blockchain securities market on the Avalanche network
• AVAX reclaimed its top 20 crypto position and institutional buyers accumulated over 9.37 million AVAX tokens worth $110 million in November

Bitwise updated its spot Avalanche ETF filing with the Securities and Exchange Commission on November 27, moving the product closer to potential approval. The ETF will trade under the ticker BAVA on NYSE Arca if approved by regulators.

The updated S-1 filing shows a sponsor fee of 0.34%, making it the cheapest option among Avalanche ETF competitors. VanEck’s Avalanche ETF charges 0.40% while Grayscale’s fee stands at 0.50%.

BAVA will stake up to 70% of its AVAX holdings on Avalanche’s proof-of-stake network to generate additional returns. This makes it the first U.S. ETF proposal to fully implement staking features following new IRS guidance that cleared tax concerns around yield-generating crypto ETFs.

Bitwise will take 12% of the staking rewards to cover expenses. The remaining yield will flow directly to shareholders. The company is offering a full fee waiver for the first month on the initial $500 million of assets.

The filing includes updated custody arrangements with Coinbase and new risk disclosures. These cover threats ranging from quantum computing to recent cryptocurrency exchange security breaches. A liquidity reserve has also been added to the structure.

All three Avalanche ETF applications are targeting approval in the first quarter of 2026. VanEck and Grayscale plan to list their products on NASDAQ while Bitwise chose NYSE Arca.

Securitize Chooses Avalanche for EU Securities Platform

Securitize received regulatory authorization from Spain’s National Securities Market Commission on November 27. The approval allows the company to operate a tokenized trading and settlement system under the EU’s DLT Pilot Regime.

The license can be passported across the European Single Market. This includes major markets like France, Germany and Italy. Securitize will run the entire infrastructure on the Avalanche blockchain.

The company cited Avalanche’s sub-second finality and scalable architecture as key factors in the decision. Securitize manages over $1 billion in assets including the BlackRock BUIDL on-chain treasury fund.

The first EU-compliant issuance is scheduled for early 2026. The tokenized asset market is projected to reach $18 trillion by 2033. Securitize is preparing for a $1.25 billion SPAC merger while expanding its operations.

AVAX Price and Market Position

AVAX reclaimed its position in the top 20 cryptocurrencies by market cap, surpassing Hedera. The token traded at $14.94 on November 27, posting a 6.5% daily gain.

The price broke above its 7-day moving average at $13.96 but faces resistance at the 20-day simple moving average of $15.21. Support levels sit at $13.91 and $12.57.

AVAX One Treasury accumulated 9.37 million AVAX tokens between November 5 and November 23, spending $110 million. Total treasury reserves now exceed 13.8 million AVAX tokens.

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