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On the morning of November 12, 2024, all eyes in the crypto world turned to Aptos (APT). Its rapidly rising price caught investors’ attention, reaching $13 with a 20% increase, gaining strong momentum. The main factor behind this movement was the launch of the world’s first Aptos Staking ETP on the SIX Swiss Exchange by Bitwise.
Bitwise launched this new product to provide access to Aptos for both institutional and individual investors. The ETP is designed to offer investors an annual return of around 4.7% and is backed physically. Bitwise CEO Hunter Horsley emphasized that this development strengthens Aptos’ reputation in the industry, while Aptos Labs CEO Mo Shaikh stated that this move is a significant step towards increasing global financial inclusion. According to Shaikh, this action, which confirms the reliability and speed of the Aptos blockchain, opens a new chapter in institutional adoption.
The growth in the Aptos ecosystem didn’t stop there. With the increasing interest in DeFi projects, Aptos’ total value locked (TVL) reached high levels, further solidifying investor confidence in the project. This rising interest allowed investors to contribute to the ecosystem and generate additional income, introducing Aptos to a broader audience in the crypto world.
All these developments show that Aptos has growth potential throughout the year and may see wider adoption in 2024. With Bitwise’s move, Aptos has proven that it can make an impact not only in the crypto market but also on the global financial stage.