Bitwise Pioneers Aptos Staking ETP
on SIX Swiss Exchange
Bitwise Asset Management, a prominent digital asset investment firm, has
announced the launch of 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.
Bitwise Plans An Aptos Staking ETP
The new product will allow investors to gain exposure to Aptos ( APT ) while
earning staking returns. The launch of APTB signals a significant expansion
for Bitwise’s European presence.
“The Aptos Staking ETP is designed for forward-thinking institutional
investors and crypto-savvy individuals looking for a high-quality way to get
exposure to this promising blockchain through a regulated wrapper. We’re
thrilled to be introducing APTB via a primary listing on SIX Swiss Exchange,”
said Bradley Duke, Head of Europe at Bitwise.
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Bitwise designed APTB to generate approximately 4.7% in net returns through
staking. This process involves “staking” the Aptos held within the ETP. This
allows token holders to validate blockchain transactions and receive
additional tokens as rewards. Product Details for Bitwise Aptos Staking ETP.
Source: Press Release
The Aptos Staking ETP joins Bitwise’s suite of digital asset offerings in
Europe, which now includes ten ETPs. Following its initial listing on the SIX
Swiss Exchange, Bitwise has made clear its intentions to expand APTB to other
European stock exchanges. For the asset manager, this marks another milestone• Объект организация » Организации по алфавиту » Организации на Mi » Milestone (компания)
in the growing accessibility and appeal of digital asset investments in
regulated European markets .
Following the company• Объект организация » Организации по алфавиту » Организации на Mi » Milestone (компания)’s acquisition of ETC Group• Информационные технологии » Информатика » Программирование » Платформы программирования » Операционные системы » UNIX » Fhs/etc/passwd
• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » UNIX » Fhs/etc/passwd
• Высокие технологии » Информационные технологии и телекоммуникации » Программирование » Платформы программирования » Операционные системы » UNIX » Fhs/etc/passwd in August 2024, Bitwise has
quickly extended its portfolio of physically-backed ETPs. Specifically, it
includes Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin), Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum), and now Aptos staking options.
This development further cements Bitwise’s foothold in Europe’s digital asset
market. Hunter Horsley, CEO and co-founder of Bitwise emphasized Bitwise’s
role in helping investors navigate and access opportunities within the growing
digital asset class.
“With the launch of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum spot ETPs in the US, a huge
cross-section of investors have begun researching and adding digital assets to
their portfolios this year,” Horsley said.
According to the Aptos Foundation, the network has grown to more than 8
million monthly active users and processed almost 2 billion transactions. This
is amidst support from notable institutional investors like Andreessen
Horowitz and PayPal Ventures. Large financial institutions and consumer brands
are already integrating their systems with the platform.
The launch also arrives amidst broader interest in staking services for
altcoins among leading digital asset managers. Firms like Grayscale
Investments are also beginning to offer staking options for select altcoins as
part of a shift toward staking-focused products. APT Price Performance.
Source: BeInCrypto
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.
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