Bitwise AVAX Spot ETF is now trading, with a trading volume of $400,000 in the first 90 minutes.

BlockBeats News, April 16th, Bitwise officially launched the Spot Avalanche ETF (ticker: BAVA) today. This ETF holds AVAX tokens directly and staked them, maintaining liquidity while sharing an average staking yield of about 5.4%.

Bitwise's Spot AVAX ETF had a trading volume of $400,000 in the first 90 minutes of trading today, with Bloomberg ETF analyst James Seyffart describing it as "quite impressive."