Aptos (APT) has attracted the attention of investors with its rapidly rising price recently. Aptos gained strong momentum with a 20% increase to $13. One of the main reasons behind this rise was the world’s first Aptos Staking ETP launched by Bitwise on the SIX Swiss Exchange.
Bitwise introduced this new product to provide Aptos with a broader reach for institutional and individual investors. The ETP is designed to provide investors with an annualized return of approximately 4.7% and has a physically backed structure. Bitwise CEO Hunter Horsley stated that this development strengthens Aptos’ reputation in the industry, while Aptos Labs CEO Mo Shaikh emphasized that this is an important step to increase global financial inclusion. Shaikh said that this move, which confirms the reliability and speed of the Aptos blockchain, marks the beginning of a new era in institutional adoption.
The growth in the Aptos ecosystem was not limited to this step alone. With the increasing interest in DeFi projects, Aptos’ total locked value (TVL) also reached significant levels. This reinforced investors’ confidence in the project and helped Aptos gain recognition from a wider audience of investors who contribute to the ecosystem and want to generate income.
All these developments show that Aptos has the potential for wider adoption and growth in 2024. This move by Bitwise proves that Aptos can increase its influence not only in the cryptocurrency market but also in the global financial world.