Bitwise Launches First Avalanche ETF with Staking Features
Bitwise AVAX Fund Submission: Bitwise has submitted updated documentation for an AVAX fund, aiming to be the first U.S. exchange-traded product offering staking yields, with a competitive management fee of 0.34%.
Staking and Yield Generation: The fund plans to allocate up to 70% of its holdings to Avalanche's proof-of-stake system, allowing it to generate additional tokens for shareholders while retaining 12% of staking proceeds for operational costs.
Investor Promotions and Tax Clarity: New investors will enjoy fee waivers for the first 30 days on the first $500 million in assets, and recent IRS guidance has clarified tax implications for staking within fund structures.
Market Competition and Features: The BAVA fund differentiates itself through its staking capabilities, providing a distinct advantage over competitors like VanEck and Grayscale, which are also planning ETF launches targeting early 2026.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX) As of , Avalanche (AVAX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AVAX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AVAX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.24 | 5.895 | 7.78 | 9.435 | 11.32 | 12.975 | 14.86 |
| Fibonacci | 5.895 | 7.247 | 8.083 | 9.435 | 10.787 | 11.623 | 12.975 |
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