United

Aptos

Asset manager Bitwise has launched the first exchange-traded product (ETP) holding staked <a data-ct-non-breakable="null" href="https://cointelegraph.com/aptos-apt-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/aptos-apt-price-index">APT</a>, the Aptos network’s native token, according to a Nov. 12 announcement. 
The Bitwise Aptos Staking ETP (APTB) will list on SIX Swiss Exchange on Nov. 19, Bitwise <a data-ct-non-breakable="null" href="https://www.globenewswire.com/news-release/2024/11/12/2978732/0/en/Bitwise-to-launch-world-s-first-Aptos-Staking-ETP-on-SIX-Swiss-Exchange.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.globenewswire.com/news-release/2024/11/12/2978732/0/en/Bitwise-to-launch-world-s-first-Aptos-Staking-ETP-on-SIX-Swiss-Exchange.html">said</a>. It will be available to institutional and retail investors in Europe.
The ETP “is physically backed and will stake the underlying Aptos to generate returns of approximately 4.7% net of fees, which will be accumulated directly within the ETP,” Bitwise said.
APTB is Bitwise’s second addition to its European Total Return product suite, which also includes an Ethereum staking ETP. 
Bitwise lists exchange-traded funds (ETFs) for Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) and Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="https://cointelegraph.com/ethereum-price">ETH</a>) in the United States.
<figure>
 <img alt="Bitwise launches first Aptos staking ETP" src="https://s3.cointelegraph.com/uploads/2024-11/01932154-cd5b-7ed5-99b4-6d458ca5c786" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/BitwiseInvest/status/1856362591775240653" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/BitwiseInvest/status/1856362591775240653">Bitwise</a>
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/these-crypto-etfs-call-options-us-elections" rel="" target="_self" text="null" title="https://cointelegraph.com/news/these-crypto-etfs-call-options-us-elections">These crypto ETFs are ‘call options’ on the US elections</a>
Aptos is a high-performance layer-1 blockchain network launched in 2022 and designed to support enterprise-scale decentralized applications (DApps).
The network has already onboarded 8 million monthly active users, according to Bitwise. It hosts more than 250 projects and has settled some 1.7 billion transactions. 
Aptos is “used by [Microsoft], Amazon, Mastercard, Coinbase, and more,” Bitwise said in a <a data-ct-non-breakable="null" href="https://x.com/BitwiseInvest/status/1856362591775240653" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/BitwiseInvest/status/1856362591775240653">post</a> on the X platform.
APT has a market capitalization of approximately $6.5 billion, upward of 80% of which is staked. Aptos pays stakers some 7% as of Nov. 12, according to <a data-ct-non-breakable="null" href="https://www.coinbase.com/earn/staking/aptos" rel="null" target="null" text="null" title="https://www.coinbase.com/earn/staking/aptos">data</a> from Coinbase.
Trump’s&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/these-crypto-etfs-call-options-us-elections" rel="null" target="null" text="null" title="https://cointelegraph.com/news/these-crypto-etfs-call-options-us-elections">presidential win is a greenlight</a>&nbsp;for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the United States.
They include&nbsp;ETFs holding altcoins, including Solana&nbsp;(<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="null" target="null" text="null" title="null">SOL</a>), XRP&nbsp;(<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>), and Litecoin&nbsp;(<a data-ct-non-breakable="null" href="https://cointelegraph.com/ltc-price-index" rel="null" target="null" text="null" title="null">LTC</a>), among others.
Staking is prohibited in US ETFs, but this may change after Donald Trump’s presidential win on Nov. 5. 
Trump is expected to loosen restrictions on cryptocurrency products, &nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/the-influence-of-the-2024-us-elections-on-the-crypto-market-report" rel="null" target="null" text="null" title="https://cointelegraph.com/news/the-influence-of-the-2024-us-elections-on-the-crypto-market-report">Cointelegraph Research said</a>.<advertisement>
 Issuers are also waiting on approval for several planned crypto index ETFs designed to hold diverse baskets of tokens.
</advertisement><advertisement>
 Crypto exchange Coinbase has introduced a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-launches-coin50-index-track-digital-assets" rel="" target="_self" text="null" title="https://cointelegraph.com/news/coinbase-launches-coin50-index-track-digital-assets">new benchmark index</a> for tracking over 50 digital assets, potentially supporting more index ETF launches in the US.
 Related:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/what-is-a-crypto-index-fund-and-how-to-invest-in-it" rel="null" target="null" text="null" title="https://cointelegraph.com/news/what-is-a-crypto-index-fund-and-how-to-invest-in-it">What is a crypto index fund, and how to invest in it?</a>
</advertisement><advertisement>
 <template data-name="subscription_form" data-type="defi_newsletter" label="Subscription Form: DeFi Newsletter"></template>
</advertisement>

Bitwise launches first Aptos staking ETP

Cointelegraph

Other articles published on Nov 12, 2024

Betting On Bitcoin : Will It Reach $100,000 On Polymarket ?

Dogecoin (DOGE) Surges as Bitcoin (BTC) Rises

Baby Pepe, A Memecoin Inspired by Pepe the Frog, has been Launched

Alibaba launches AI search engine to help Western small businesses source supplies

Crypto Market Rally News: EGO and CRO Tokens Lead The Bullish Surge

ETH Rally Continues With $154M Inflows Boosting Confidence

Join our free newsletter for daily crypto updates!