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Home»ALTCOIN NEWS»Bitwise Asset Management launches new Aptos (APT) staking ETP on Swiss exchange
ALTCOIN NEWS

Bitwise Asset Management launches new Aptos (APT) staking ETP on Swiss exchange

By Crypto FlexsNovember 13, 20242 Mins Read
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Bitwise Asset Management launches new Aptos (APT) staking ETP on Swiss exchange
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Crypto asset manager Bitwise announced the launch of the Aptos (APT) staking exchange traded product (ETP) (APTB) on the SIX Swiss exchange.

According to a press release, the ETP will represent the world’s first Aptos Stake ETP, which aims to enable both institutional and retail investors to participate in the Aptos smart contract platform.

Hunter Horsley, Bitwise CEO and co-founder, said:

“For seven years, Bitwise has been a committed partner to investors working to understand and access opportunities in new cryptocurrency asset classes. With the launch of Bitcoin and Ethereum spot ETPs in the United States, many investors began researching digital assets and adding them to their portfolios this year.

“We are now excited to expand access to one of the industry’s most exciting next-generation blockchains by launching the Bitwise Aptos Stake ETP.”

ETP aims to generate returns theoretically accumulated within EPT by staking Aptos (APT) tokens, with an expected return of 4.7%.

Mo Shaikh, CEO and co-founder of Aptos Labs, said of the new product:

“As a leading asset manager, Bitwise is positioned to expand financial inclusion on a global scale.

The Aptos Staking ETP represents a significant leap forward for the future of institutional adoption and validates the reliability, scalability, and speed of the Aptos blockchain. I’m excited to see what new potential will unfold in the near future.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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