[Bitwise AVAX Spot ETF Launches Today with $400,000 Trading Volume in First 90 Minutes] BlockBeats reports that on April 16, Bitwise officially launched the Avalanche Spot ETF (Ticker: BAVA). This ETF directly holds AVAX tokens and plans to stake the held AVAX, aiming to share an average staking yield of approximately 5.4% while maintaining liquidity. The AVAX Spot ETF recorded a trading volume of $400,000 in its first 90 minutes after opening today. Bloomberg ETF analyst James Seyffart described this performance as 'quite impressive.'