Avalanche gains Wall Street access as Bitwise Asset Management lists AVAX ETF on NYSE, unlocking institutional exposure and staking yields

BAVA is third to market behind VanEck's VAVX (January) and Grayscale's GAVA, so that fee waiver on the first $500M is pure AUM warfare — Bitwise needs to buy flow in what's already a crowded race. Staking 70% of holdings through Coinbase Custody concentrates a non-trivial chunk of AVAX validation in one custodian, which is exactly the centralization risk Avalanche's subnet architecture was designed to avoid. Meanwhile Avalanche's RWA TVL has quietly doubled to ~$2.1B — that institutional pull is doing more for AVAX demand than any ETF wrapper.

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