Cryptocurrency index fund manager Bitwise continues to lead innovation in the crypto sector by launching the first Aptos staking exchange-traded product (ETP) on the prestigious SIX Swiss Exchange.
With this launch, the firm consolidates its presence in the European market and offers institutional and retail investors a new tool to participate in the growing Aptos ecosystem, one of the most promising Blockchains of the moment.
Commenting on this fact, Bitwise CEO and co-founder Hunter Horsley said: “With the launch of Bitcoin and Ethereum spot ETPs in the United States, a large number of investors have begun to investigate and add digital assets to their portfolios this year. anus”.
Furthermore, he added: “We are delighted to now be able to launch the Bitwise Aptos staking ETP to expand access to one of the most interesting next-generation Blockchains in the sector.”
Particularly, according to Bitwise, the network already has 8 million monthly active users. It hosts more than 250 projects and has carried out some 1.7 billion transactions. And, it is used by Microsoft, Amazon, Mastercard, Coinbase, and more.
The Aptos Blockchain launched just over 2 years ago.
Since then:
– 1.7B transactions
– 27M+ active addresses
– 8M monthly active users
– 250+ projects built on it
– Used by MSFT, Amazon, Mastercard, Coinbase, and more
TL;DR: Don’t sleep on Aptos.
— Bitwise (@BitwiseInvest) November 12, 2024
Aptos staking available to everyone: New Bitwise ETP on the Swiss stock exchange
The Aptos Staking ETP aims to offer investors a simplified way to participate in staking Aptos, a digital asset, without the complexities typically associated with direct staking. Very importantly, the Bitwise Aptos Staking ETP (APTB) will be listed on the SIX Swiss Exchange on November 19 of this year.
For our European investors:
We’re excited to announce that a new Bitwise Aptos Staking ETP is scheduled to list on the SIX Swiss Exchange on Nov 19.
Aptos is a high-performance Layer 1 blockchain that has grown to more than 8M monthly active users since its launch in 2022. pic.twitter.com/rMAMDTEEZq
— Bitwise (@BitwiseInvest) November 12, 2024
In fact, by listing on the Swiss Stock Exchange, Bitwise seeks to leverage the reputation and regulatory framework of the exchange to attract institutional and retail investors interested in diversifying their portfolios with cryptocurrency products.
The ETP will generate 4.7% net fees for participants as a return, and the offering will benefit from a regulated market with key factors such as regulated custodians, auditors and administrators.
By the way, the price of APT was trading at $12.19 at the time of writing this article. An increase of 7% in 24 hours and more than 48% in the last week. However, it is still 35% below its all-time high of $19 reached in January 2023.
Finally, with this launch, Bitwise consolidates its position as a leader in cryptocurrency investment products and lays the foundation for future developments in the staking field.
I say goodbye with this phrase from Lori Taylor: “Our digital future is to allow better productivity and make decisions to enjoy a better quality of life.”
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