- Bitwise filed an S-1 for the Bitwise Avalanche ETF, offering regulated exposure to AVAX.
- The move expands Bitwise’s lineup beyond Bitcoin and Ethereum ETFs.
- SEC approval timing remains uncertain, but Avalanche could be among the next wave of ETF products.
Bitwise is doubling down on its crypto ETF strategy, this time setting sights on Avalanche. According to newly filed regulatory documents, the firm has submitted an S-1 application for the Bitwise Avalanche ETF, which would give investors direct exposure to AVAX, the network’s native token.
What the Filing Means
The S-1 is the SEC’s initial registration requirement for any new securities offering, making this the first formal step toward a U.S.-listed Avalanche ETF. If approved, the fund would allow investors to access AVAX through a regulated exchange-traded product rather than dealing with crypto wallets and exchanges directly.
Expanding Beyond Bitcoin and Ethereum
Bitwise already manages several digital asset funds, including Bitcoin and Ethereum ETFs. The Avalanche filing highlights growing interest in expanding beyond the top two crypto assets, bringing more Layer-1 blockchains into the ETF spotlight. With AVAX adoption growing through DeFi, tokenization pilots, and institutional partnerships, the timing suggests Bitwise is betting on broader investor demand.
What’s Next for Approval
The SEC has over 90 pending crypto ETF applications, and while some approvals could come as early as October, the timeline for Avalanche remains uncertain. Still, Bitwise’s move reinforces the momentum toward multi-asset ETF availability, signaling that AVAX could be one of the next big names to enter regulated U.S. markets.
