Avalanche ETF BAVA launches with staking yield as AVAX jumps 55%
Avalanche (AVAX)
Editor:
Eugene Serbin
cryptobriefing.com reports that Avalanche (AVAX) surged 55% in a week following the launch of the Bitwise Avalanche ETF. Trading under the ticker BAVA on NYSE Arca, the fund offers regulated exposure to AVAX with a unique staking component. Bitwise targets an average yield of 5.4% by staking approximately 70% of the fund's holdings through its Onchain Solutions division.
Early inflows were modest, with one recorded period seeing $231K and daily peaks reaching $5 million. Assets under management settled between $18 million and $22 million shortly after launch. The sponsor fee is 0.34%, waived for the first month on the initial $500 million in assets.
AVAX was trading around $9.50 with a market cap of roughly $4.1 billion when the fund went live. The network claims a throughput of up to 4,500 transactions per second and has secured partnerships with Visa and FIFA. This structure could serve as a blueprint for future crypto ETFs involving staking-enabled tokens like Solana or Polkadot. For holders, the ETF creates structural demand by locking tokens into staking contracts, though current AUM levels are too small to significantly impact circulating supply.
How the market reacted
Whalio's own Binance spot order flow for AVAX, measured when this story was written up on 23 September 2026. Not the outlet's figures.
Whalio data shows AVAX trading at $11.31 with a 24-hour spot volume of $60,995,089. The 24-hour buy ratio stands at 50.2%, while the 1-hour ratio is 50.3% and the 4-hour ratio is 53.3%. The 4-hour buy ratio of 53.3% indicates stronger recent buying pressure compared to the 24-hour average, suggesting momentum is building in the short term. Volume delta for the 4-hour period is positive at +$596,970, contrasting with the 1-hour delta of +$21,229. This positive volume delta means that buy volume exceeded sell volume during these periods. The cumulative volume delta (CVD) for the 24-hour close is +$281,281, confirming net buying pressure over the full day.
The latest daily buy ratio of 48.6% sits at the 40th percentile of the last 323 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for AVAX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.1%, making the current 24-hour ratio of 50.2% an unusual day with +2.2 points of excess buying. Daily volume was 0.94x the average, indicating slightly lower than usual trading activity despite the price surge. The price changed +55.6% over eight days, driven by the ETF launch. However, the total volume delta for the 8-day period was -$8,739,747, showing that selling pressure outweighed buying pressure over the longer timeframe. Only 2 of the 7 days saw net buying, suggesting the recent price action was not sustained by consistent daily accumulation.