2024-11-13
November 12, 2024 – Bitwise Asset
Management has announced the launch of the Bitwise Aptos Staking ETP
(APTB), the world’s first Aptos staking Exchange Traded Product (ETP).
Staking involves locking tokens to
validate transactions on a Proof of Stake (PoS) blockchain like Aptos.
In return, participants earn rewards, similar to dividends in equities. This
process supports blockchain security and offers token holders an additional
income stream.
The product is set to debut on the SIX
Swiss Exchange on November 19, 2024, marking a significant milestone
in the adoption of blockchain-based financial products.
Revolutionizing Blockchain Investments
The Aptos Staking ETP is designed to
provide investors with exposure to Aptos, a high-performance Layer 1
blockchain renowned for its speed, cost efficiency, and scalability.
By staking the underlying Aptos tokens,
the ETP aims to deliver additional returns of approximately 4.7% annually
(net of fees), offering a combination of potential capital appreciation and
staking rewards.
Aptos: The Blockchain of the Future
Launched in 2022, Aptos has quickly established itself as a leading blockchain platform, attracting over 8 million monthly active users and significant interest from enterprises and consumer brands. Its advanced features and scalability make it ideal for large-scale applications.
Aptos Labs, the core contributor to the blockchain, is led by a team with roots in Meta’s blockchain initiative and is backed by institutional heavyweights such as Andreessen Horowitz, PayPal Ventures, and Franklin Templeton Investments.
Bitwise: Pioneering Crypto
Accessibility
As a leader in crypto asset management, Bitwise has tailored the Aptos Staking ETP for both institutional and retail investors, ensuring accessibility through regulated markets and partnerships with top-tier custodians, auditors, and administrators.
This
launch follows the success of Bitwise’s Ethereum Staking ETP, which recently
surpassed $50 million in assets under management, and reinforces
Bitwise’s position as a pioneer in crypto ETP innovation.
Expert Insights
Hunter Horsley, CEO and co-founder of
Bitwise, highlighted the growing interest in digital assets, stating, “With
the launch of Bitcoin and Ethereum spot ETPs in the U.S., a wide range of
investors have begun incorporating digital assets into their portfolios. We’re
thrilled to launch the Bitwise Aptos Staking ETP to provide exposure to one of
the most promising next-generation blockchains.”
Bashar Lazaar, Head of Grants and
Ecosystem at the Aptos Foundation, emphasized the importance of accessibility,
adding, “This ETP lowers barriers for new voices, developers, and audiences
to participate in the Aptos ecosystem securely and transparently.”
Mo Shaikh, CEO of Aptos Labs, described
the ETP as a pivotal step for institutional adoption, stating, “The Aptos
staking ETP validates the reliability and scalability of our blockchain,
unlocking new opportunities for investors worldwide.”
Expanding Reach in Europe
The Aptos Staking ETP is Bitwise’s 10th product in Europe and the first since its acquisition of ETC Group in August 2024. Following its debut on the SIX Swiss Exchange, Bitwise plans to list the product on other leading European exchanges, further broadening its reach.
Key Details of the Aptos Staking ETP
For more information, visit www.bitwiseinvestments.com/eu.
