Bitwise Asset Management is launching the world’s first Aptos Staking ETP (APTB) in Switzerland, offering investors the opportunity to benefit from staking income by investing in the Aptos Blockchain network. The new product aims to provide investors with regular staking income and has the potential to be traded on other major exchanges in Europe.
Aptos Staking ETP: A New Opportunity for Investors
Aptos Staking ETP, which will start trading on the SIX Swiss Exchange on November 19, 2024, will allow investors to earn income by staking on the Aptos Blockchain network. This new financial product will appeal to both institutional and individual investors and will offer the opportunity to invest in the cryptocurrency market in a regulated environment. Bitwise developed the product by equipping it with a secure custody infrastructure, independent audit, professional management and staking infrastructure. Thanks to the staking process, the ETP aims to provide a net return of 4.7% and the earnings will be offered to investors as a regular income.
Aptos’ Strong Infrastructure and Rapidly Growing Ecosystem
Aptos is a high-performance Blockchain network launched in 2022 and stands out with its strong structure that supports enterprise-level applications. This network stands out with its transaction speeds and low costs, and has grown rapidly to reach more than 8 million active users. Aptos is developed by an experienced team that has been involved in Meta's Blockchain project, and the platform is supported by major investors such as Andreessen Horowitz, Apollo Global Management, PayPal Ventures, and Franklin Templeton Investments.
New Doors Open for Crypto Investments in Europe
Bitwise’s European General Manager Bradley Duke stated that interest in cryptocurrency investments in Europe is increasing and said, “Aptos Staking ETP offers a regulated investment opportunity for innovative institutional investors and individuals interested in cryptocurrencies. We are very excited to have APTB listed on the SIX Swiss Exchange.” Bitwise’s tenth ETP in Europe, APTB will soon be listed on other major European exchanges.
Passive Income Opportunity with Staking
Staking is a process that allows cryptocurrency holders to earn income. In Proof of Stake (PoS)-based blockchain networks like Aptos, coin holders stake their assets to verify transactions, thus contributing to the security of the network. In exchange for staked coins, users earn additional token rewards. This model is similar to how dividends are earned on stocks and offers investors the opportunity to earn passive income.
Easy Access to Aptos Ecosystem
Bitwise’s Aptos Staking ETP creates new opportunities for investors looking for a safe and regulated entry into the crypto space, and makes participation in the Aptos ecosystem more accessible. “This ETP makes the Aptos ecosystem more accessible, allowing new developers, users, and diverse audiences to participate in a safe and transparent environment,” said Bashar Lazaar, Aptos Foundation.
This new product is an important step for cryptocurrency investors, while also providing a great promotional opportunity for the Aptos Blockchain.
