As per Coinpedia, Bitwise has updated its filing for a spot Avalanche ETF with the U.S. SEC, revealing a 0.34% management fee and the ticker symbol BAVA. Coinbase Custody will handle token storage, while BNY Mellon will manage fund cash operations. The ETF aims to provide direct exposure to AVAX through the CME CF Avalanche-Dollar Reference Rate. Following the filing, AVAX price rose nearly 7% to around $15, though it remains below the $18 level needed to confirm a stronger bullish trend.
Bitwise Files Updated Avalanche ETF with 0.34% Fee and BAVA Ticker
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