Bitwise AVAX spot ETF launched trading today, with a trading volume of $400,000 in the first 90 minutes.

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According to BlockBeats, on April 16th, Bitwise officially launched the spot Avalanche ETF (ticker symbol: BAVA). This ETF directly holds and stakes AVAX tokens, sharing approximately 5.4% of the average staking yield while maintaining liquidity.

Bitwise's spot AVAX ETF saw $400,000 in trading volume in the first 90 minutes of trading today, which Bloomberg ETF analyst James Seyffart described as "quite good."

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