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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.9% | ▼ −17.7% | ▲ +40.6% | — | — | — | — | ▼ −4.2% |
| Peer average | — | — | — | — | — | — | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.
The Bitwise Avalanche ETF (BAVA) is designed to track the daily price movements of Avalanche (AVAX) while also generating supplementary AVAX through staking rewards. Avalanche itself is a high-performance blockchain platform, specifically designed to empower developers to build and deploy decentralized applications efficiently. Operating as a passively managed fund, BAVA achieves direct exposure to AVAX by holding the cryptocurrency itself. Its Net Asset Value (NAV) is determined by referencing the CME CF Avalanche-Dollar Reference Rate New York Variant. A core strategy of the fund is to leverage staking protocols, which are crucial for validating and securely recording transactions on the blockchain. These protocols involve cryptocurrency owners, often through a custodian, validating block transactions to ensure their accuracy. In this process, AVAX is 'staked' – essentially locked within the network as collateral – which, in turn, offers the opportunity to create and earn additional AVAX. BAVA retains the option to stake a portion or all of its held AVAX. For transparency, both the fund's NAV and the percentage of AVAX currently staked are updated and published daily on its official website.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind BAVA.