🚀 Avalanche ETF: Bitwise’s BAVA Bounces AVAX 7% – Fees? Pfft, Almost Free! 🤑

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Ah, the world of crypto, where numbers dance like drunken dwarves and filings are more exciting than a troll under a bridge. Bitwise, the self-proclaimed wizard of crypto asset management, has waved its wand and updated its filing for a spot Avalanche ETF. In a move that would make even the Auditors of Reality scratch their heads, they’ve spilled the beans to the U.S. Securities and Exchange Commission (SEC) about tickers and fees. 🧙‍♂️✨

And lo, the AVAX price leapt like a startled frog, jumping nearly 7% and flirting with $15. The market, it seems, has a sense of humor-or perhaps it’s just easily impressed. 🤡📈

Bitwise’s BAVA: The Ticker That Tickles the Market

On the 27th of November, 2025 (a date that will live in infamy, or at least in a footnote), Bitwise revealed its master plan. The ETF, if the regulators don’t throw a spanner in the works, will trade under the ticker BAVA on NYSE Arca. Because nothing says “serious financial instrument” like a name that sounds like a pirate’s favorite snack. 🏴‍☠️🥑

As for fees, Bitwise has graciously set the management fee at 0.34%. But fear not, early investors! For the first month, or until the fund hits $500 million (whichever comes first), you’ll pay nothing. Yes, you heard that right-free money management! Or, as they say in Ankh-Morpork, “A deal so good, it’s practically stealing.” 🦹‍♂️💰

JUST IN: BITWISE FILED AN S-1 AMENDMENT FOR ITS AVALANCHE ETF.

MANAGEMENT FEE SET AT 0.34% AND THE TICKER WILL BE “BAVA.”

– The Moon Show (@TheMoonShow) November 27, 2025

The ETF promises to give investors direct exposure to AVAX, using the CME CF Avalanche-Dollar Reference Rate as its trusty benchmark. Because nothing says “trust” like a benchmark with a name longer than a wizard’s spellbook. 📜🔮

Custody Capers: Coinbase and BNY Mellon Join the Party

Bitwise has roped in Coinbase Custody Trust Company to keep the Avalanche tokens safe and sound. Meanwhile, BNY Mellon will handle the cash operations, because even in the world of crypto, someone’s got to mind the gold. 🏦💼

To kick things off, Bitwise Investment Manager is ponying up the first 100,000 shares, worth a cool $2.5 million, at $25 a pop. That’s confidence for you-or perhaps they just really like the number 25. 🧮🎉

This follows the same playbook as their XRP and Dogecoin ETFs, which, much like a good pub brawl, quickly grabbed everyone’s attention. 🍻👀

AVAX Price: Up 7%, But Can It Keep Its Balance?

The AVAX price surged nearly 7% on the news, now hovering near $15 with a market cap of $6.41 billion. But beware! AVAX is still dancing below the 50-day moving average at $18, a level that traders say is as crucial as a wizard’s staff. If it breaks above, the next stops are $22 and $28. But if it stumbles below $14, it might find itself in a downward spiral toward $12. Because, as they say, “Gravity always wins.” 🌪️📉

So there you have it, folks. Another day in the wild world of crypto, where tickers are silly, fees are almost free, and prices jump like they’ve had one too many pints of dwarf beer. Cheers! 🍻🚀

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2025-11-27 15:58