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Launched · SEC filings

Bitwise Avalanche ETF

BAVANYSE ArcaBitwiseB

$22.960.00 (+0.01%)

As of Nov 2, 2026, 10:00 AM ET

B62/ 100

Rank 10 of 26 in Crypto Spot

B62/100Rank 10 of 26inCrypto Spot
Intraday session: up, 1 prints from 22.96 to 22.96. Range 22.96 to 22.96. Use the arrow keys to read each point.22.9622.9610 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$22M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
2.53K sh
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 79, Mission not scored, Tradability 40, Holdings not scored, Durability 44. Strongest: Risk (79). Weakest: Tradability (40). 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.
    A79 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.
    C40 out of 100
    Rank 18 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.
    C44 out of 100
    Rank 18 of 26

Our read on BAVA

ETF.net Research

In short

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

  • Direct 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.
  • The staking twist: a stated secondary objective is obtaining additional Avalanche by staking the coins, a mechanism plain coin-holding trusts skip.
  • 0.34% a year, a shade under the spot-crypto median and below GAVA, the other US Avalanche fund, at 0.35%.
  • Passively run, with no manager timing the token, and it sits in the upper half of its spot-crypto peer group overall.

Worth knowing

  • Small and thinly traded next to the big crypto funds, so spreads at the screen can be wider than the headline fee suggests.
  • It'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.
  • Any staking rewards go toward adding Avalanche to the trust, not cash in your pocket, and the 2026 launch means a thin track record.

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$13,256
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. BAVA $13,256. SPY $10,141. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−22.4%
3 months+32.6%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−9.7%

History from Apr 15, 2026

BAVA in the news

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 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Apr 2026. No distributions yet.

BAVA Risk

Risk pillarA79 out of 100Rank 3 of 26 in Crypto Spot
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.

FMP measures it over up to five years of monthly returns.

BAVA Cost

Compare BAVA and XRPZ

Overpaying vs XRPZ, cheapest in Crypto Spot

$2,980

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BAVA 0.34%

    $6,932

  • XRPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • BAVA 0.34%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530BAVA $6,932XRPZ $3,952

Year by year

YearBAVAXRPZOverpaying
10$616$347$269
20$2,386$1,351$1,035
30$6,932$3,952$2,980

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