Amendments to Bylaws (Form 8-K)

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Second Amended and Restated Declaration of Trust and Trust Agreement

On November 6, 2026, Bitwise Investment Advisers, LLC, the sponsor (the "Sponsor") of Bitwise Avalanche ETF (the "Trust"), and CSC Delaware Trust Company, the trustee (the "Trustee") of the Trust, entered into the Second Amended and Restated Declaration of Trust and Trust Agreement, dated as of November 6, 2026 (the "Second A&R Trust Agreement"). The amendments implemented by the Second A&R Trust Agreement add provisions relating to distributions of the Trust.

The foregoing description of the Second A&R Trust Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Second A&R Trust Agreement, a copy of which is attached hereto as Exhibit 5.1 and incorporated herein by reference.