As a seasoned analyst with over two decades of experience in the ever-evolving world of finance and technology, I must say that Bitwise’s latest move is a strategic one, capitalizing on the growing interest in digital assets and staking rewards. Having closely observed the rise of Bitcoin and Ethereum ETPs in the US, it’s not surprising to see Bitwise expanding its European Total Return suite with the Aptos Staking ETP.
Bitwise introduces the globe’s initial Aptos Staking Exchange-Traded Product, providing a yield of around 4.7%, accounting for charges.
On Tuesday, November 12th, the price of Aptos (APT) skyrocketed by 20% to reach $12.9. This surge was triggered by news that a U.S. investment fund manager, Bitwise, intends to introduce the world’s first Staking Exchange Traded Product (ETP) for Aptos on the SIX Swiss exchange.
Slated for launch on November 19th, the Bitwise Aptos Staking Exchange-Traded Product (ETP), denoted by APTB, is set to provide investors with a staking reward of approximately 4.7%, post fees. According to Bitwise, this new product caters to both institutional and individual investors, relying on a custodian, auditor, administrator, and staking infrastructure. The APTB ETP will directly hold the underlying Aptos tokens, thereby generating returns that will accumulate within the product itself, as stated in the press release.
Based on a significant number of investors delving into and integrating digital assets within their investment portfolios after the debut of U.S. Bitcoin and Ethereum spot ETFs, Bitwise CEO Hunter Horsley announced the launch of a new ETP (Exchange-Traded Product).
In simpler terms, the Aptos Staking ETP is the second financial instrument launched by Bitwise under their European Total Return series, following the debut of the Ethereum Staking ETP this year. Notably, it’s also the first product released after Bitwise took over ETC Group in August.
Through our recent product unveiling, APTB becomes the 10th Exchange-Traded Product (ETP) by Bitwise in Europe. This addition includes offerings like the Bitcoin ETP and Ethereum Staking ETP. Post its Swiss debut, Bitwise aims to extend the availability of APTB to more European stock exchanges.
Read More
- MVRDV Designs Solar-Powered “Sports Club in a Shipping Container” For Refugees
- Abhijeet Bhattacharya’s son expresses displeasure over Dua Lipa and Shah Rukh Khan’s Levitating X Woh Ladki Jo mashup for not giving him credit; ‘Why has it always been about actors…’
- EXCLUSIVE: Decoding the importance of suspense around cameos in cinematic universe films
- BICO PREDICTION. BICO cryptocurrency
- RSR PREDICTION. RSR cryptocurrency
- Binance’s CZ in talks with Sam Altman to explore AI investments
- Best Magic Items in the ‘Harry Potter’ Movies
- Roddy Ricch Taps Terrace Martin for Reflective “Lonely Road”
- EUR INR PREDICTION
- ‘We Certainly Didn’t Want To Be A Pale Imitation’: Gladiator II’s Creators On The One Big Goal With Making A Sequel, And How The Story Came About
2024-11-12 13:32