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

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Promote with Leviathan NewsBAVA 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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