Bitwise Introduces Aptos Staking ETP on SIX Swiss Exchange, Potentially Enhancing Institutional Access to APT Investments

• 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.

• 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.

• “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.

As the digital asset market matures, the APTB launch will likely encourage other firms to develop similar products. Hunter Horsley, CEO of Bitwise, highlighted the importance of providing clear pathways for investors interested in the expanding digital asset class. “With the launch of Bitcoin and Ethereum spot ETPs in the US, a huge cross-section of investors have begun researching and adding digital assets to their portfolios this year,” Horsley noted.

Market Response and Future Outlook

The Aptos network has witnessed impressive growth, boasting over 8 million monthly active users and processing nearly 2 billion transactions. Support from institutions, including Andreessen Horowitz and PayPal Ventures, further solidifies Aptos’s relevance in the fast-evolving blockchain landscape.

As digital asset managers, including Grayscale Investments, increase their emphasis on staking options, the Aptos Staking ETP positions itself at the forefront of a shifting market landscape. By blending traditional investment strategies with modern digital asset features, Bitwise is setting a benchmark for the future of crypto investment.

Conclusion

The introduction of Bitwise’s Aptos Staking ETP signifies a noteworthy milestone in the evolution of cryptocurrency investments within regulated markets. By merging staking rewards with institutional-grade investment vehicles, the APTB creates new opportunities for investors interested in both the cryptocurrency sector and the regulated financial landscape. As this segment of the market continues to expand, the Aptos Staking ETP could serve as a model for future products aiming to meet the needs of diverse investors.