Asset manager Bitwise has listed a spot Avalanche (AVAX) exchange-traded fund, the Bitwise Avalanche ETF, on the New York Stock Exchange. The fund trades under the ticker BAVA and is structured to provide staking rewards using the AVAX it holds. Bitwise put the average Avalanche staking reward at 5.4 percent a year and plans to stake the fund’s holdings through its in-house staking unit, Bitwise Onchain Solutions.

Blockchain technology is expanding from finance into scientific data verification, as SkyMapper builds a dedicated Avalanche-based network to validate telescope observation data in real time. The system records and preserves data with checks for tampering through a mechanism called Proof of Space Observation. Observation data are cryptographically signed at the moment of capture, stored across a distributed network and fingerprinted on the Avalanche blockchain for later verification. Smart contracts also manage access controls, keeping sensitive government or defence data private while sharing research data.