- Bitwise announces the world’s first Aptos Staking ETP, expanding institutional access to the Aptos blockchain.
- SimpleHash launches a support program for Aptos developers, driving innovation with new tools and API access.
Bitwise Asset Management ha announced the listing of its new Bitwise Aptos Staking ETP, which will debut on the Swiss Stock Exchange on November 19, 2024.
Being the world’s first Aptos Staking ETP, this product represents a major turning point in the blockchain investment space, as well as the growing institutional acceptance of Aptos.
Aptos, a high-performance blockchain known for its security and scalability, has garnered increased interest and this staking ETP will offer investors a unique opportunity to directly engage with its ecosystem.
Aptos actual tokens back the Aptos Staking ETP, which trades under the ticker APTB; Bitwise staking of the underlying assets produces a net return of over 4.7%. This return will be reinvested directly into the ETP, allowing investors to benefit from staking returns without having to manage the staking infrastructure themselves.
Bitwise Aptos Staking ETP Launch Boosts Institutional Access to Blockchain Innovations
Highlighting that ETP Staking fits with its goal of providing investors with access to forward-thinking blockchain projects, Bitwise has shown its enthusiasm about it.
Hunter Horsley, CEO and co-founder of Bitwise, stressed that the launch represents the company’s dedication to increasing investment possibilities in next-generation blockchain technology. With its mix of scalability, speed and security, he believes Aptos is a great prospect for institutional interest.
Under the direction of Mo Shaikh, the team of Apartments He is equally hopeful about the possible influence of the ETP. Shaikh noted that Bitwise’s ETP provides strong support for Aptos’ features, especially its reliability and suitability for high-performance uses.
The recent acquisition of ETC Group, a well-known London-based cryptocurrency ETP issuer, has further increased Bitwise’s influence in the European market. With this acquisition, Bitwise’s assets under management have increased to over $4.5 billion, expanding its range of products for European investors attracted to the rapidly evolving crypto ETP sector.
Previously, SimpleHash launched the Aptos Ecosystem Program, which offers developers free API access and priority support to accelerate blockchain development.
CNF informa that, through technologies such as the integration of SimpleHash and AI-driven developments for the Move programming language, this effort augments the ecosystem, thereby improving accessibility and creativity.
Meanwhile, although it is correcting slightly at the time of this writing, APT quotes around los 11,53 $ and registers a rise 23.21% in the last 7 days.
