tl;dr
Bitwise Asset Management has unveiled the world's first Aptos Staking ETP (exchange-traded product), set to launch on the SIX Swiss Exchange as APTB on November 19, 2024. The ETP allows investors to gain exposure to Aptos (APT) while earning staking returns, aiming to generate approximately 4.7% in ...
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Bitwise Asset Management has launched the world's first Aptos Staking ETP (exchange-traded product) on the SIX Swiss Exchange as APTB. The ETP offers exposure to Aptos (APT) and staking returns, aiming to generate approximately 4.7% in net returns through staking. This expansion furthers Bitwise's digital asset offerings in Europe, following its acquisition of ETC Group and the addition of Aptos staking to its suite of products. The Aptos network has grown to over 8 million monthly active users, attracting institutional investors and consumer brands. APT price performance has seen an over 8% surge, trading at $12.23. This development aligns with the broader trend of increasing interest in staking services for altcoins among leading digital asset managers.
Bitwise Asset Management, a prominent digital asset investment firm, has unveiled the world's first Aptos Staking ETP (exchange-traded product). The financial instrument will debut on the SIX Swiss Exchange on November 19, 2024, tickered as APTB. The new product will allow investors to gain exposure to Aptos (APT) while earning staking returns. Bitwise designed APTB to generate approximately 4.7% in net returns through staking, positioning it as an attractive option for institutional investors and crypto-savvy individuals seeking regulated exposure to this promising blockchain. Bitwise plans to expand APTB to other European stock exchanges, marking another milestone in the growing accessibility and appeal of digital asset investments in regulated European markets.
Following Bitwise's acquisition of ETC Group in August 2024, the organization has rapidly expanded its portfolio of physically-backed ETPs, including Bitcoin, Ethereum, and now Aptos staking options. This demonstrates Bitwise's commitment to enhancing accessibility to digital asset investments in Europe. The Aptos network's growth to over 8 million monthly active users, alongside APT's over 8% surge in price performance, underscores the increasing interest in staking services for altcoins among prominent digital asset managers.
BeInCrypto data shows APT is up by over 8% on this news, in line with the broader market surge. As of this writing, the altcoin is trading at $12.23, reflecting the positive market reception to the launch of the Aptos Staking ETP.
With the growing accessibility and appeal of digital asset investments in regulated European markets, the launch of the world's first Aptos Staking ETP on the SIX Swiss Exchange marks a significant milestone in the cryptocurrency and stock market landscape. As digital asset managers continue to expand their offerings and institutional investors show increasing interest, the convergence of traditional and digital finance opens new opportunities for a diverse range of investors.