Bitwise, a well-known crypto asset manager, has just updated its filing to launch a spot Avalanche ETF. In a new filing with the U.S. Securities and Exchange Commission (SEC), the company revealed key details like the ETF ticker and fees. 

Shortly after the update, AVAX price jumped nearly 7%, trading close to $15, as excitement picked up in the market.

Bitwise Reveals Key Details of Its Avalanche ETF

According to the recently submitted filing on 27 November 2025, Bitwise shared fresh information about how its Avalanche ETF will work. Bitwise also revealed that the ETF will trade under the ticker BAVA on NYSE Arca, if approved by regulators.

Bitwise has now confirmed a 0.34% management fee, though it won’t charge investors anything for the first month or until the fund crosses $500 million in assets. This is the same strategy Bitwise used for its other altcoin ETFs,  helping early investors save on costs.

Furthermore, the Avalanche ETF aims to give investors direct exposure to the price of AVAX through a trusted benchmark, the CME CF Avalanche-Dollar Reference Rate.

Institutions Involved in Custody

Bitwise has teamed up with Coinbase Custody Trust Company to securely store the Avalanche tokens, while BNY Mellon will take care of cash operations linked to the fund.

To begin the ETF, Bitwise Investment Manager will provide the first 100,000 shares, worth $2.5 million, priced at $25 per share. 

This shows strong confidence from the issuer and follows the same structure used for Bitwise’s recently launched XRP and Dogecoin ETFs, which quickly gained attention from both retail and institutional investors.

AVAX Token Price jump 7%

Following the latest ETF update, AVAX price surged nearly 7%, now trading close to $15 with a market cap of around $6.41 billion.

However, AVAX is still trading below the key 50-day moving average at $18, a level traders say must be reclaimed to confirm a stronger bullish trend. If the price breaks above this level, the next upside targets are $22 and then $28.

On the downside, AVAX needs to hold above the $14 support. If it fails to stay above this level, a drop toward $12 could follow as momentum weakens.

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