[Bitwise Updates Its Spot Avalanche ETF Application to Include Staking Feature] According to CoinDesk, Bitwise has updated its spot Avalanche ETF application with the U.S. Securities and Exchange Commission (SEC). This revision changes the ticker symbol of the Avalanche ETF to BAVA and sets the sponsor fee rate at 0.34%, currently the lowest among similar products. In comparison, VanEck's Avalanche ETF fee rate is 0.40%, while Grayscale's is 0.50%. The updated S-1 filing also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer plans to deduct 12% of the staking rewards as fees, with the remaining portion distributed to shareholders. Since competitors have not yet introduced staking services, their fees are currently limited to sponsor fees. Bitwise is also offering a full fee waiver for the first month on the initial $500 million in assets, aiming to position BAVA as the most cost-effective way for traditional investors to gain exposure to Avalanche and staking income.