First Bitwise Aptos Staking ETP Will Be Launched in Europe
Key Points: Bitwise Aptos Staking ETP will be listed on the SIX Swiss Exchange on November 19, 2024. The launch marks a significant expansion of Bitwise’s prese...
Key Points:
- Bitwise Aptos Staking ETP will be listed on the SIX Swiss Exchange on November 19, 2024.
- The launch marks a significant expansion of Bitwise’s presence in Europe, adding to its suite of digital asset ETPs.
Bitwise Asset Management will launch the world’s first Aptos Staking Exchange-Traded Product on the SIX Swiss Exchange on November 19, 2024.
Read more: Bitwise Crypto Futures ETFs With New Trendwise Strategies on Dec 3
Bitwise Aptos Staking ETP Will Appear in Europe
The new ETP will be called Bitwise Aptos Staking ETP and, as the name would suggest, will afford investors exposure to the Aptos blockchain, APT, while earning staking rewards in the process at a net return of around 4.7%.
The Bitwise Aptos Staking ETP will be set up to be easily accessible for institutional and retail investors by combining robust infrastructure with a high-quality custodian, auditor, administrator, and staking provider.
The ETP will accrue returns directly through the staking of the underlying Aptos assets, thus allowing investors to gain access to Aptos staking without being involved in the technical aspects of blockchain staking.
Bitwise Aptos Staking ETP Expands Digital Asset Offerings
The APTB joins Bitwise’s expanding European roster of ten digital asset ETPs, already home to physically backed products for Bitcoin (BTC) and Ethereum (ETH).
The launch comes on the heels of Bitwise’s strategic purchase of the ETC Group back in August 2024, an acquisition that significantly accelerated its European expansion with a suite of new ETPs. Currently, Bitwise manages over $4.5 billion in assets across its European crypto ETP suite.
Following the successful listing of APTB on the SIX Swiss Exchange, Bitwise has declared that it will pursue the further distribution of the ETP on other European exchanges.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: Coincu
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