Bitwise debuts Avalanche ETP offering AVAX exposure and yield

Bitwise debuts Avalanche ETP offering AVAX exposure and yield

2.86%BTC$74,772 0.80%XLM$0.1578 1.91%TRX$0.3274 1.18%XMR$348.36 0.93%DOGE$0.09526 2.26%BCH$439.85 0.77%ADA$0.2479 2.92%BNB$623.24 1.17%ETH$2,361 1.64%SOL$84.78 1.19%HYPE$44.78 3.25%XRP$1.39 2.18%USD Written by Nate Kostar,Staff WriterReviewed by Robert Lakin,Staff EditorBitwise debuts Avalanche ETP offering AVAX exposure and yield1 hour agoThe product is designed to generate yield by participating in network validation, adding an income component to passive exposure. Bitwise Asset Management has launched a spot Avalanche exchange-traded product, giving investors exposure to the Avalanche token while staking a portion of its holdings to generate yield. Bitwise plans to stake roughly 70% of its AVAX holdings through its in-house infrastructure, while maintaining a liquidity reserve of about 30% to meet redemptions and operational needs. The fund began trading Wednesday on the NYSE under th

Source: https://cointelegraph.com/news/bitwise-launches-avalanche-etp-with-staking-feature?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound