Wu learned that Bitwise Asset Management announced the launch of the Avalanche spot ETF (BAVA), which was listed and traded on the NYSE on April 15, aiming to provide investors with exposure to Avalanche (AVAX); the fund will stake AVAX through its internal staking division to earn approximately 5.4% staking yield while maintaining liquidity, with a management fee of 0.34%, and no fee for the first $500 million in assets in the first month.