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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