Bitwise launches NYSE-listed Avalanche ETP BAVA with in-fund staking yield
The product stakes about 70% of its AVAX and waived its 0.34% sponsor fee for the first month on up to $500M in assets.
Avalanche (AVAX) is currently trading at $9.51, with a market capitalization of $4.11 billion, ranking #29 among all cryptocurrencies. Over the past 24 hours, Avalanche is up 0.62%, trading between a low of $9.29 and a high of $9.62, with $337.39 million in trading volume. Avalanche's all-time high was $144.96, reached on November 21, 2021. Its all-time low was $2.80 on December 31, 2020. Looking at broader trends, AVAX has gained 1.93% over the past 7 days and is down 7.34% over the past 30 days. There are currently 431.77 million AVAX in circulation out of a maximum supply of 720.00 million.
The product stakes about 70% of its AVAX and waived its 0.34% sponsor fee for the first month on up to $500M in assets.
Active addresses reset to a 500K–700K floor, but technicals remain bearish despite outflows and whale bids near $9.
Only six constituents were higher in the snapshot, even with BTC up 0.3% and AVAX up 0.6%.