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Bitwise Introduces Aptos Staking ETP on SIX Swiss Exchange, Potentially Enhancing Institutional Access to APT Investments
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Bitwise Asset Management has officially launched the world’s first Aptos Staking ETP on the SIX Swiss Exchange, a significant advancement for crypto investment in Europe.
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The Aptos Staking ETP (APTB) aims to deliver approximately 4.7% returns by staking Aptos tokens, illustrating an evolving trend in regulated digital asset products.
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“The launch marks a critical milestone, reflecting our commitment to providing institutional investors with innovative solutions in the crypto landscape,” stated Bradley Duke, Head of Europe at Bitwise.
Bitwise’s Aptos Staking ETP (APTB) is now live on the SIX Swiss Exchange, offering a unique investment opportunity with attractive staking returns in the European market.
Launching Bitwise’s Aptos Staking ETP: A Game-Changer for Cryptocurrencies
The Aptos Staking ETP (APTB) is set to transform how European investors access the potential of the Aptos blockchain while earning substantial staking rewards. Scheduled to debut on November 19, 2024, APTB will trade on the SIX Swiss Exchange, marking a pivotal moment for Bitwise and the broader cryptocurrency market.
“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.
The ETP intends to provide investors with approximately 4.7% net returns, leveraging staking—where Aptos tokens are held to validate transactions in exchange for rewards. This novel approach not only enhances investment returns but also builds confidence in regulated cryptocurrency investments.
Broader Implications of APTB’s Launch for Digital Assets in Europe
The introduction of the Aptos Staking ETP reflects a broader industry trend towards staking-focused assets, indicating a growing interest in embedding staking mechanisms within traditional financial products. Bitwise’s expansion into the European market, including the incorporation of APTB into its suite of ten ETPs post-acquisition of ETC Group, demonstrates an increasing appetite for diversified digital asset exposure.