{"url":"https://etfiq.com/compare/crypto/bava-vs-gava","section":"compare","title":"BAVA vs GAVA: which tracked its coin? | ETFIQ","description":"BAVA and GAVA both hold Avalanche through a custodian. Over the days each has traded, to Sep 30, 2026 BAVA finished 0.57 of a percentage point ahead\u2026","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which tracked Avalanche more closely, BAVA or GAVA?","acceptedAnswer":{"@type":"Answer","text":"Over the days each has traded, BAVA finished 0.57 of a percentage point ahead of Avalanche and GAVA 1.8 percentage points ahead. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin."}},{"@type":"Question","name":"Do BAVA or GAVA pay a staking yield?","acceptedAnswer":{"@type":"Answer","text":"Avalanche is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed."}},{"@type":"Question","name":"What is the difference between BAVA and GAVA?","acceptedAnswer":{"@type":"Answer","text":"Both hold Avalanche through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. BAVA is sponsored by Bitwise and listed Apr 15, 2026; GAVA by Grayscale, listed Mar 12, 2026."}},{"@type":"Question","name":"Which is cheaper, BAVA or GAVA?","acceptedAnswer":{"@type":"Answer","text":"BAVA charges 0.34% a year and GAVA charges 0.35%, so BAVA is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Crypto ETFs","item":"https://etfiq.com/crypto/"},{"@type":"ListItem","position":3,"name":"BAVA vs GAVA","item":"https://etfiq.com/compare/crypto/bava-vs-gava"}]},{"@type":"WebPage","name":"BAVA vs GAVA: which tracked its coin?","description":"BAVA and GAVA both hold Avalanche through a custodian. Over the days each has traded, to Sep 30, 2026 BAVA finished 0.57 of a percentage point ahead of Avalanche and GAVA 1.8 ahead.","url":"https://etfiq.com/compare/crypto/bava-vs-gava","dateModified":"2026-09-30","abstract":"Over the window both share, BAVA finished 0.27 of a percentage point behind Avalanche and GAVA 0.47 behind.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BAVA and GAVA","description":"BAVA and GAVA both hold Avalanche through a custodian. Over the days each has traded, to Sep 30, 2026 BAVA finished 0.57 of a percentage point ahead of Avalanche and GAVA 1.8 ahead.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/crypto/bava-vs-gava","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"}],"variableMeasured":["Fund total return","Coin return over the same days","Tracking difference","Compounded difference","Sponsor's fee","Fee waiver","Staking","Days traded"],"keywords":["exchange-traded funds","ETF","Crypto ETFs","fund data","SEC filings"]}],"characters":7642,"truncated":true,"content":"ETFIQ / Crypto ETFs / Head to head / BAVA vs GAVA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BAVA vs GAVA: which tracked its coin?\n\n Over the window both share, BAVA finished 0.27 of a percentage point behind Avalanche and GAVA 0.47 behind.\n Copy this for sharing \n \n Bitwise Avalanche ETF and Grayscale Avalanche Staking ETF.\n\n Download as PDF \n\n +16.4% BAVA returned, since launch \n +14.8% GAVA returned, since launch \n +0.6 pts BAVA against Avalanche, in percentage points \n +1.8 pts GAVA against Avalanche, in percentage points \n\n ETFIQ Coin Capture Score: GAVA score","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/crypto/bava-vs-gava","a":{"ticker":"BAVA","name":"Bitwise Avalanche ETF","issuer":"Bitwise","desk":"crypto","as_of":"2026-09-30","verdict":"Since listing to Sep 30, 2026, BAVA returned +16.4% against Avalanche\u2019s +15.8%, 0.57 of a percentage point ahead.","url":"https://etfiq.com/funds/bava","key_facts":[{"label":"Total return, time since it listed","value":"+16.4%","as_of":"2026-09-30","source":null},{"label":"Avalanche over the same days","value":"+15.8%","as_of":"2026-09-30","source":null},{"label":"Difference against Avalanche, in percentage points","value":"+0.6 pts","as_of":"2026-09-30","source":null},{"label":"Days it has traded","value":"117","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$29m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Holds","value":"Avalanche","as_of":"2026-09-30","source":null}]},"b":{"ticker":"GAVA","name":"Grayscale Avalanche Staking ETF","issuer":"Grayscale","desk":"crypto","as_of":"2026-09-30","verdict":"Since listing to Sep 30, 2026, GAVA returned +14.8% against Avalanche\u2019s +13.0%, 1.8 percentage points ahead.","url":"https://etfiq.com/funds/gava","key_facts":[{"label":"Total return, time since it listed","value":"+14.8%","as_of":"2026-09-30","source":null},{"label":"Avalanche over the same days","value":"+13.0%","as_of":"2026-09-30","source":null},{"label":"Difference against Avalanche, in percentage points","value":"+1.8 pts","as_of":"2026-09-30","source":null},{"label":"Days it has traded","value":"140","as_of":"2026-09-30","source":null},{"label":"Holds","value":"Avalanche","as_of":"2026-09-30","source":null}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/crypto/bava-vs-gava"}