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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Nov 27, 2025 12:06 UTC
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Bitwise Files Updated Avalanche ETF: Management Fee and Ticker Announced
Bitwise updates Avalanche ETF filing, revealing ticker BAVA and 0.34% fee structure.
Coinbase Custody handles secure token storage, while BNY Mellon manages fund cash operations.
AVAX price jumps 7% near $15, needing $18 reclaim for strong bullish momentum.
Bitwise, a well-known crypto asset manager, has just updated its filing to launch a spot Avalanche ETF. In a new filing with the U.S. Securities and Exchange Commission (SEC), the company revealed key details like the ETF ticker and fees.
Shortly after the update, AVAX price jumped nearly 7%, trading close to $15, as excitement picked up in the market.
Bitwise Reveals Key Details of Its Avalanche ETF
According to the recently submitted filing on 27 November 2025, Bitwise shared fresh information about how its Avalanche ETF will work. Bitwise also revealed that the ETF will trade under the ticker BAVA on NYSE Arca, if approved by regulators.
Bitwise has now confirmed a 0.34% management fee, though it won’t charge investors anything for the first month or until the fund crosses $500 million in assets. This is the same strategy Bitwise used for its other altcoin ETFs, helping early investors save on costs.
Furthermore, the Avalanche ETF aims to give investors direct exposure to the price of AVAX through a trusted benchmark, the CME CF Avalanche-Dollar Reference Rate.
Institutions Involved in Custody
Bitwise has teamed up with Coinbase Custody Trust Company to securely store the Avalanche tokens, while BNY Mellon will take care of cash operations linked to the fund.
To begin the ETF, Bitwise Investment Manager will provide the first 100,000 shares, worth $2.5 million, priced at $25 per share.
This shows strong confidence from the issuer and follows the same structure used for Bitwise’s recently launched XRP and Dogecoin ETFs, which quickly gained attention from both retail and institutional investors.
AVAX Token Price jump 7%
Following the latest ETF update, AVAX price surged nearly 7%, now trading close to $15 with a market cap of around $6.41 billion.
However, AVAX is still trading below the key 50-day moving average at $18, a level traders say must be reclaimed to confirm a stronger bullish trend. If the price breaks above this level, the next upside targets are $22 and then $28.
On the downside, AVAX needs to hold above the $14 support. If it fails to stay above this level, a drop toward $12 could follow as momentum weakens.
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FAQs
It’s a proposed spot ETF that lets investors gain direct exposure to AVAX price movements through a regulated exchange-listed fund.
The ETF will trade under BAVA and carry a 0.34% fee, but investors pay nothing for the first month or until it reaches $500M AUM.
Coinbase Custody will store the AVAX tokens, while BNY Mellon manages cash operations, adding security and trust for investors.
No official launch date yet — the ETF is still awaiting SEC approval. The amended S-1 filing submitted on November 27, 2025, is a key step forward, but final approval timing remains uncertain.
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