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Launched · SEC filings

Bitwise Avalanche ETF

BAVANYSE ArcaB

$27.75−0.82 (−2.87%)

As of Oct 13, 2026, 3:06 PM

B62/ 100

Rank 10 of 26 in Crypto Spot

B62/100Rank 10 of 26inCrypto Spot
Intraday session: down, 6 prints from 28.57 to 27.75. Range 27.75 to 28.57. Use the arrow keys to read each point.28.0028.2028.4010 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$28M
1Y total return
—
Yield · Last 12 months
—
Holdings
1
Avg volume · 30D
0M sh
NAV per share
$27.64
52W range
low $16.01high $31.99
Launched
Filings
SEC EDGAR

The ETF.net BAVA Grade

Based on 4 of 6 pillars

B

Score 62 out of 100

Category
Crypto Spot⁠
Rank
10 of 26
Six-pillar profile for BAVA. Scores out of 100: Cost 68, Risk 80, Mission not scored, Tradability 42, Holdings not scored, Durability 45. Strongest: Risk (80). Weakest: Tradability (42). Based on 4 of 6 pillars.

Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 7 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A80 out of 100
    Rank 3 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 17 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 17 of 26

Our read on BAVA

ETF.net Research

BOne of the few US funds holding Avalanche outright, and it doesn't just park the coins: a secondary goal is staking them to gather more AVAX. It also undercuts the other US Avalanche fund on fee.

Stated mandate

The Trust seeks exposure to the value of Avalanche it holds, net of operating expenses, and has a secondary objective of obtaining additional Avalanche through staking.

Why people hold it

  1. 01Direct AVAX exposure in a normal brokerage account: the trust seeks the value of the Avalanche it holds, net of expenses. No futures roll, no basket of other tokens.
  2. 02The staking twist: a stated secondary objective is obtaining additional Avalanche by staking the coins, a mechanism plain coin-holding trusts skip.
  3. 030.34% a year, a shade under the spot-crypto median and below GAVA, the other US Avalanche fund, at 0.35%.
  4. 04Passively run, with no manager timing the token, and it sits in the upper half of its spot-crypto peer group overall.

Worth knowing

  1. 01Small and thinly traded next to the big crypto funds, so spreads at the screen can be wider than the headline fee suggests.
  2. 02It's a commodity-style trust, not a registered fund, so the usual fund-law protections don't apply. Single-token crypto also swings hard both ways.
  3. 03Any staking rewards go toward adding Avalanche to the trust, not cash in your pocket, and the 2026 launch means a thin track record.

BAVA Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
Avalanche100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Avalanche100.00%2,666,862$27M1

Showing 1–1 of 1 holdings

BAVA Performance

Launched Apr 14, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BAVA$15,965
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BAVA $15,965. SPY $10,332. Use the arrow keys to read each point.$8,619$13,185$17,752Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BAVA. Periods over one year show the average yearly return.
PeriodBAVA
Year to dateFund launched this year—
1 month+43.6%
3 months+59.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BAVA
YearReturn barBAVA
2026 YTD+14.5%

History from Apr 15, 2026

BAVA in the news

Filtered to BAVA · Crypto Spot

BAVA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

BAVA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.35
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BAVA Cost

Expense ratio0.34%
  • The middle half of Crypto Spot funds
  • Median 0.35%

6 of the 26 Crypto Spot funds charge less.

BAVA costs $34.00 a year on $10,000. The median Crypto Spot fund costs $35.00.

Other funds in Crypto Spot

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