Bitwise and Avalanche (AVAX) are connected only in one main context: in Bitwise investment products that include AVAX as one of the portfolio assets. There is no direct partnership between the Avalanche Foundation and Bitwise.
Here is what exactly connects them:
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🔗 1. Bitwise invests in AVAX in its index products
Bitwise is the largest provider of crypto indices and ETFs in the U.S. In several of their products, AVAX is included as one of the assets. For example:
AVAX: Revolution in Blockchain Speed and Scalability
The coin $AVAX is the native token of the Avalanche platform — a layer 1 (L1) blockchain that positions itself as a fast, scalable, and secure competitor to Ethereum. What makes Avalanche special? The main goal of Avalanche is to solve the so-called "blockchain trilemma": to find a balance between scalability, security, and decentralization. The platform achieves this through an innovative consensus mechanism and a unique architecture consisting of three interacting blockchains (X-Chain, P-Chain, and C-Chain).