Bitwise Launches Avalanche ETP with Staking Yield Component

Bitwise has launched an exchange-traded product focused on Avalanche that provides investors with exposure to AVAX, the native token of the Avalanche blockchain network. The product distinguishes itself by incorporating a staking yield component, generating income through participation in network validation activities. This approach adds an income-generating element to what would otherwise be purely passive cryptocurrency exposure. The launch represents an evolution in crypto investment products, combining traditional asset exposure with decentralized finance yield mechanisms.

Bitwise's New Avalanche ETP Product Launch

• ▪Bitwise's Avalanche ETP offers AVAX exposure
• ▪Bitwise launched an Avalanche ETP product

Staking Yield and Income Generation Features

• ▪Bitwise's Avalanche ETP includes a staking yield component
• ▪Bitwise's Avalanche ETP adds an income component to passive exposure
• ▪Bitwise's Avalanche ETP is designed to generate yield by participating in network validation

Perspective of Bitwise

• ▪Bitwise's Avalanche ETP represents a new category of crypto investment products that provide both asset exposure and yield generation
• ▪Bitwise aims to differentiate its Avalanche ETP from traditional passive crypto products by incorporating staking rewards