Bitwise Launches Avalanche ETF (BAVA) With Staking for In-House on NYSE

Key Insights

• Bitwise Avalanche ETF with in-house staking officially launched on the NYSE under the ticker BAVA.
• AVAX price is currently at a buying area that previously showed strong buy-side volume and a price pump.
• The number of active addresses on Avalanche C-Chain hit a new all-time high.

Institutional investors are not only accumulating crypto coins with significant future potential but also making this asset class available to traditional investors. BlackRock, Grayscale, Bitwise, and Fidelity are among the major issuers of crypto ETFs since their debut in the US in January 2024.

Bitwise appears to be consistently filing and launching the ETFs approved by the US Securities and Exchange Commission (SEC). Their recent one was a Spot Avalanche ETF, making the altcoin available to traditional investors on Wall Street without actually owning the cryptocurrency.

How will the increasing trading activity of the token affect prices and on-chain activity on the layer blockchain?

Bitwise Launches Avalanche ETF on NYSE With Staking Feature for In-House

The second Spot Avalanche ETF launched in the US courtesy of Bitwise. Bitwise Avalanche ETF started trading on the New York Stock Exchange (NYSE) with the ticker BAVA. This followed the VanEck Avalanche ETF (Nasdaq: VAVX), which launched in late December 2025, and now accounts for more than $11 million.

However, VAVX is facing a loss of about 23% on a year-to-date (YTD) scale and a gross staking yield of 4.86%. Bitwise’s BAVA will offer 5.4% staking rewards for in-house services. Such a move is set to increase the trading volume of the AVAX token, which backs the ETF.

With this becoming the second AVAX ETF, it could boost confidence among traditional investors and drive the slow capital inflows seen in VAVX. BAVA offered an alternative with higher staking rewards, but that does not mean it is the better ETF.

This move will enable Avalanche crypto to tap into the US’s multi-trillion-dollar financial market. Can volume boost the price action of AVAX to the upside?

Avalanche Price Sitting at Key Support: Will AVAX Price Bounce?

On the weekly chart, Avalanche price is sitting above a buying pressure zone that has initiated major price swings in the past. The altcoin is above the $9 zone, with price action continuing to consolidate around this for over 11 weeks now. That’s almost a four-month range.

The first target, in case the altcoin breaks out bullishly, sits at $35 upon AVAX breaking and holding above $15. The other two were $50 and $60, but during a crypto bull run, these targets appeared to be long-term.

The support level that AVAX price is sitting above has been in place since the crash in 2022. Then, AVAX declined from around $100 to $15. Losing this support would put AVAX’s price action at risk of crashing toward zero.

However, historical data showed that AVAX price was likely to bounce from this zone, and the near-term target could be around $15. This level is the price mark that determines whether the altcoin is entering a rally or remaining in a bearish structure.

Avalanche Network Activity Surging

Meanwhile, the 7-day moving average of active addresses on Avalanche C-Chain shows significant chain activity. The metric jumped to a new high above the 600K mark. This was slightly more than double the high seen in 2025, suggesting activity has been the strongest in 2026. Activity opened the year with active addresses ranging below the 200K mark.

Altogether, AVAX’s price action could be greatly influenced by volume from spot ETF trading, now that there are two. That is, BAVA will likely boost inflows in VAVX. Additionally, this bullish fundamental aligned with the market structure and network activity, potentially attracting more capital from TradFi investors.

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