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Crypto asset manager Bitwise has announced the launch of an Aptos (APT) Staking exchange-traded product (ETP) (APTB) on the SIX Swiss Exchange.
According to the press release, the ETP will represent the world’s first Aptos Staking ETP, aiming to enable both institutional and retail investors to engage with the Aptos smart contract platform.
Says Bitwise CEO and co-founder Hunter Horsley,
“For seven years, Bitwise has been a dedicated partner to investors working to understand and access the opportunities in the new crypto asset class. With the launch of Bitcoin and Ethereum spot ETPs in the US, a huge cross-section of investors have begun researching and adding digital assets to their portfolios this year.
We’re thrilled to now be able to launch the Bitwise Aptos Staking ETP to expand access to one of the most exciting next generation blockchains in the space.”
The ETP will aim to stake Aptos (APT) tokens to generate returns that will theoretically accumulate within the EPT, with an expected return of 4.7%.
Says Mo Shaikh, CEO and co-founder of Aptos Labs, of the new product:
“As a leading industry asset manager, Bitwise is in a position to expand financial inclusivity on a global scale.
The Aptos staking ETP marks a significant leap forward for the future of institutional adoption and validates the reliability, scalability, and speed of the Aptos blockchain. I can’t wait to see what new potential it will unlock in the near future.”
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