Aptos Staking ETP Debuts on Swiss Stock Exchange with Bitwise

• Bitwise announces the world’s first Aptos Staking ETP, expanding institutional access to Aptos blockchain.
• SimpleHash launches a support program for Aptos developers, boosting innovation with new tools and API access.

Bitwise Asset Management has announced the listing of its new Bitwise Aptos Staking ETP, which will debut on the Swiss Stock Exchange on November 19, 2024.

Being the first Aptos Staking ETP in the world, this product represents a major turning point in the space of blockchain investments as well as in Aptos’ expanding institutional acceptance.

High-performance blockchain known for security and scalability, Aptos has attracted more interest and this staking ETP will provide investors a unique chance to interact directly with its ecosystem.

Actual Aptos tokens support the Aptos Staking ETP, trading under the ticker APTB; Bitwise staking the underlying assets yields a net return of over 4.7%. This return will be reinvested straight into the ETP, therefore enabling investors to profit from staking yields without having to handle staking infrastructure themselves.

Bitwise’s Aptos Staking ETP Launch Boosts Institutional Access to Blockchain Innovations 

Emphasizing that the Staking ETP fits with its goal to provide investors access to forward-looking blockchain projects, Bitwise has shown its excitement about it.

Hunter Horsley, CEO and co-founder of Bitwise, underlined that the release represents the company’s dedication to increasing investment possibilities in next-generation blockchain technology. With its mix of scalability, speed, and security, he thinks Aptos is a great prospect for institutional interest.

Under CEO Mo Shaikh, the Aptos team is likewise hopeful about the possible influence of the ETP. Shaikh pointed out that Bitwise’s ETP offers strong support for Aptos’ features, especially its dependability and fit for high-performance uses.

The recent acquisition of ETC Group, a well-known crypto ETP issuer with its headquarters in London, has further increased Bitwise’s influence in the European market. With this acquisition, Bitwise’s assets under management have grown to over $4.5 billion, therefore broadening its product range for European investors drawn in by the fast-changing crypto ETP industry.

Previously, SimpleHash has started the Aptos Ecosystem Program, giving developers free API access and priority assistance to expedite blockchain development.

CNF reports that, by means of technologies like SimpleHash’s integration and AI-driven developments for the Move programming language, this endeavor increases the ecosystem, thereby improving accessibility and creativity.

Meanwhile, though it is slightly correcting at the moment of writing, APT is trading at around $11.53 and has a 23.21% increase over the last 7 days.