Bitwise Asset Management announced the launch of the world’s first Aptos Staking ETP (APTB), set to trade on the SIX Swiss Exchange on November 19, 2024. This innovative financial product allows investors to benefit from staking yields while investing in the Aptos blockchain network.
Aptos Staking ETP Offers Profit Opportunities
The Aptos Staking ETP will be accessible to both institutional and individual investors. Bitwise has developed this product with a reliable custody infrastructure, independent auditing, management, and staking setup. The ETP is physically backed and is expected to provide a net return of approximately 4.7% through staking APT assets. The earnings will accumulate directly within the ETP, offering investors a regular return. Bitwise aims to enable investors to explore the cryptocurrency class in a secure and regulated environment.
Aptos is a high-performance blockchain network launched in 2022. Notably, it has attracted attention for its robust structure that allows for enterprise-level applications, rapidly growing to over 8 million active users monthly. The Aptos Labs team comprises experienced professionals who previously worked on Meta’s blockchain project, supported by major investors like Andreessen Horowitz, Apollo Global Management, PayPal Ventures, and Franklin Templeton Investments.
New Product Opens Doors to Crypto Investments in Europe
Bradley Duke, Bitwise’s General Manager in Europe, remarked on the growing investor interest in the cryptocurrency class in Europe, stating, “The Aptos Staking ETP offers a regulated investment opportunity for innovative institutional investors and individuals interested in cryptocurrencies. We are thrilled about APTB being listed on the SIX Swiss Exchange.” As Bitwise’s tenth ETP in Europe, APTB may also trade on other major European exchanges soon.
Staking is a process that allows cryptocurrency holders to earn income. In blockchain networks with Proof of Stake (PoS) mechanisms like Aptos, coin holders stake their assets to validate transactions, thereby contributing to the network’s security. Users who stake earn additional coins as rewards, creating a revenue model similar to dividend earnings in stocks.
The Aptos Staking ETP by Bitwise creates new opportunities for investors wishing to enter the cryptocurrency world securely and regulates their participation. Bashar Lazaar from the Aptos Foundation stated, “This ETP makes the Aptos ecosystem more accessible, allowing new developers, users, and diverse groups to engage in a secure and transparent environment.”
