Is the ETF play for #BinanceBlockchainWeek $AVAX about to be upgraded? Bitwise’s latest move is pretty interesting.

They just submitted a revised S1 filing to the SEC for an Avalanche spot ETF, with a new ticker called BAVA. What’s the most explosive part? — They plan to stake up to 70% of AVAX to earn yields.

Check out this setup: management fees are slashed to 0.34% (super competitive), and they’ll take about 12% of the staking rewards as operational expenses, while the rest will be distributed as dividends to investors. This isn’t your traditional ETF where you just hold and wait—it’s an income-generating product where you earn as you hold.

The filing also includes a lot of details—how liquidity reserves are managed, how custody agreements with a compliant platform are signed, and their compliance prep looks solid.

Here’s the question: if this “hold + yield” model like BAVA works, could it become the new paradigm for altcoin ETFs? After all, who wouldn’t want an asset that generates income?

For reference only, not investment advice. $BTC $ETH $BNB