Bitwise has submitted an updated filing to the SEC for its spot Avalanche ETF, officially designating the ticker symbol as "BAVA". The proposal sets the sponsor fee at 0.34%, which positions it competitively among similar applicants. This move signals a continued institutional push to offer diversified crypto investment products beyond Bitcoin and Ethereum. The updated registration statement includes significant provisions for staking, allowing the trust to stake up to 70% of its AVAX holdings. This structure is designed to offer investors exposure not just to the asset's price performance but also to potential staking yields, differentiating the product in a crowded ETF landscape. [Update 1] The filing specifies that the trust may stake up to 70% of its holdings, clarifying the extent of the staking strategy aimed at generating yield for investors.