cryptonews.net
Bitwise Asset Management has announced the launch of the world’s first Aptos Staking ETP (APTB), which will begin trading on the SIX Swiss Exchange on November 19, 2024. This innovative financial product allows investors to earn staking returns by investing in the Aptos blockchain network. The Aptos Staking ETP will be available to both institutional and individual investors.
Bitwise has developed this product with a robust custody infrastructure, independent auditing, governance, and staking setup. The ETP is physically backed and is expected to provide a net return of approximately 4.7% by staking APT assets. The income will be accumulated directly in the ETP, offering investors a regular income stream. Bitwise aims to give investors the opportunity to explore the cryptocurrency class in a secure and regulated environment.
Bradley DUKE, General Manager of Bitwise in Europe, noted the growing investor interest in the cryptocurrency class in Europe and stated that the Aptos Staking ETP offers a regulated investment opportunity for innovative institutional investors and individuals interested in cryptocurrencies. As Bitwise’s tenth ETP in Europe, APTB may soon begin trading on other major European exchanges.
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