BlockBeats News, November 13th, according to Cointelegraph, asset management firm Bitwise has launched the first exchange-traded product (ETP) with staked assets. However, its US-listed ETP still prohibits staking. Bitwise stated that the Bitwise Aptos Stake ETP (APTB) will be listed on the Swiss SIX Exchange on November 19th. It will be open to institutional and retail investors in Europe. The ETP "is physically backed and will stake the underlying Aptos to generate approximately a 4.7% net expense return, which will accumulate directly within the ETP." Apt's market value is approximately $6.5 billion, with over 80% staked. According to Coinbase data, as of November 12th, Aptos pays stakers around a 7% fee.
BlockBeats Note: An ETF (Exchange-Traded Fund) is a specific type of ETP primarily used to track the performance of a specific index, commodity, or asset portfolio. On the other hand, an ETP (Exchange-Traded Product) is a broader concept that encompasses all exchange-traded products listed on trading platforms, including ETFs, ETNs (Exchange-Traded Notes), and other types of products.
