Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Bitwise Avalanche ETF, a spot ETF intended to provide regulated exposure to Avalanche’s native token, AVAX. The trust entity was registered in Delaware on September 5, 2025, as the legal step toward launching this investment product.

If approved, the ETF would hold actual AVAX tokens (rather than relying on derivatives or futures), offering investors a more direct way to gain exposure to Avalanche’s blockchain and its ecosystem. Custody is planned to be handled by Coinbase Custody, which will store the tokens in secure, segregated cold storage.