Bitwise Asset Management, a leading provider of crypto asset investment products, has announced the launch of the world’s first Aptos staking exchange-traded product (ETP). The Bitwise Aptos Staking ETP (ticker: APTB) will list on the SIX Swiss Exchange on November 19, 2024, providing institutional and retail investors in Europe with access to the high-performance Aptos blockchain.
Aptos is a Layer 1 blockchain designed to support enterprise-scale decentralized applications (dApps). It is known for its high speed, low fees, and security. Since its launch in October 2022, Aptos has attracted a significant amount of attention from developers and investors.
The Bitwise Aptos Staking ETP will allow investors to participate in the growth of the Aptos ecosystem without the need to hold Aptos tokens directly. The ETP will hold Aptos tokens and stake them on the Aptos network to generate staking rewards. These rewards will be distributed to investors in the form of additional Aptos tokens.
The launch of the Bitwise Aptos Staking ETP is a significant milestone for the Aptos ecosystem. It will help to increase the adoption of Aptos by providing investors with a convenient and regulated way to invest in the blockchain. It also demonstrates Bitwise’s commitment to providing investors with access to innovative and high-potential crypto assets.
