[Bitwise Officially Launches Spot Avalanche ETF] According to Golden Finance, on April 16, Bitwise officially launched the Spot Avalanche ETF (Ticker: BAVA). This ETF directly holds AVAX tokens and engages in staking, sharing an average staking yield of approximately 5.4% while maintaining liquidity. The trading volume of the Bitwise Spot AVAX ETF reached $400,000 in the 90 minutes before today's market open. Bloomberg ETF analyst James Seyffart described this as 'quite impressive.'