[Bitwise Submits Updated Application for Avalanche Spot ETF, Proposes Adding Staking Functionality] BlockBeats news, November 28, according to CoinDesk, Bitwise has updated its application for a spot Avalanche ETF with the U.S. Securities and Exchange Commission (SEC), bringing it closer to listing and potentially becoming the first exchange-traded fund in the U.S. to implement a yield-generating mechanism. This significant amendment changes the trading code for the AVAX ETF to BAVA and establishes one of the lowest fees in the Avalanche ETF space (0.34%). In comparison, VanEck's Avalanche ETF fee is 0.40%, while Grayscale's fee is 0.50%. The world's largest crypto index fund management company also stated in the updated S-1 filing that the trust will allow staking of up to 70% of AVAX holdings to earn additional tokens on Avalanche's proof-of-stake network.